23 Shepherd StreetNorwalkCT06851
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Norwalk at 23 Shepherd Street, Norwalk, CT, 06851 at $735,000 posts ROI 27.12% with $1,423/mo cash flow from $6,416/mo rent. Total monthly income equals $6,416/mo, and annual cash flow records $17,070/yr on $241,815 to close. Return on cash invested measures 27.12% and rental yield reads 10.48% at the current $735,000. Equity gained on principal adds $4,743/yr, and 5% annual appreciation supports $203,067 by year five. Five-year ROI prints 142.28% and total cumulative return in cash totals $344,064.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,416/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06851, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,981 (100%) |
| Owner Occupied HU | 7,690 (64.2%) |
| Renter Occupied HU | 3,859 (32.2%) |
| Vacant Housing Units | 432 ( 3.6%) |
| Median Home Value | $593,741 |
| Average Home Value | $631,581 |
Housing Distribution
Address Breakdown
Residential
11,401
Single Family
9,136
Multi-Family
2,265
Businesses
1,163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Toren • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096431
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.