24 Neptune AvenueNorwalkCT06854
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow24 Neptune Avenue, Norwalk, CT, 06854 in Norwalk earns its strong cash-flow label: 11.17% yield, $6,690/mo rent, $1,805/mo net income, DSCR 2.07. The $719,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $198,646 by year five. Combined with $6,622/yr in principal paydown, total projected return reaches $390,649.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 4.5% |
| Monthly Cash Flow | $1,805 | $1,850 |
City averages based on Norwalk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,690 |
| Total Monthly Debt Service | $4,599 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06854, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,442 (100%) |
| Owner Occupied HU | 5,243 (42.1%) |
| Renter Occupied HU | 6,566 (52.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $531,431 |
| Average Home Value | $634,519 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
8,781
Multi-Family
2,711
Businesses
998
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
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06854, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,442 (100%) |
| Owner Occupied HU | 5,243 (42.1%) |
| Renter Occupied HU | 6,566 (52.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $531,431 |
| Average Home Value | $634,519 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
8,781
Multi-Family
2,711
Businesses
998
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy J. Armstrong • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24117149
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.