26 Prospect Avenue #F4NorwalkCT06850
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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 26 Prospect Avenue #F4, Norwalk, CT, 06850 offers a 10.97% rental yield on a $265,000 purchase with $2,422/mo rent. Total monthly income registers $2,422/mo, and a $1,297/mo payment leaves $622/mo available for distribution. Annual cash flow reaches $7,458/yr on $87,848 to close, and return on cash invested stands at 28.4% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 149.18% and total cumulative return in cash at $131,055. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,422/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06850, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,480 (100%) |
| Owner Occupied HU | 4,748 (50.1%) |
| Renter Occupied HU | 4,220 (44.5%) |
| Vacant Housing Units | 512 ( 5.4%) |
| Median Home Value | $610,500 |
| Average Home Value | $699,326 |
Housing Distribution
Address Breakdown
Residential
9,138
Single Family
6,915
Multi-Family
2,223
Businesses
598
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Listed by: Todd Turcotte • Milligan Realty.com
Mls Name: Smart MLS
Mls ID: #24149328