29 Van Buren Avenue #H7NorwalkCT06850
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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
Rental property for sale in Norwalk at 29 Van Buren Avenue #H7, Norwalk, CT, 06850 priced at $348,778 converts $2,587/mo rent into $217/mo cash flow after a $1,707/mo obligation. Total monthly income equals $2,587/mo, and annual cash flow totals $2,608/yr on $115,620 invested. Return on cash invested prints 22.16% in year one, and rental yield reads 8.9% against a $348,778 entry. Equity gained on principal adds $2,251/yr, while 5% annual appreciation compiles into $96,361 by year five. Five-year ROI reaches 115.76% and total cumulative return in cash sums $133,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,587/mo property income covering a $1,707/mo payment, not borrower’s personal income.
Condo
Built in 1977
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: Hanson Team at William Raveis Real Estate • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24105846