3 Devon AvenueNorwalkCT06850
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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 3 Devon Avenue, Norwalk, CT, 06850 earns from $3,922/mo rent with a $3,793/mo payment. Total monthly income totals $3,922/mo. ROI tracks 13.74% on current figures, and rental yield reads 6.07% at a $774,999 purchase. Equity gained on principal adds $5,001/yr, and 5% annual appreciation supports $214,118 over five years. Five-year ROI reaches 70.51% and total cumulative return in cash sums $179,790. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,922/mo property income instead of your personal income.
Single Family
Built in 1940
7,840 sqft 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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Nearby investment properties with comparable prices
Listed by: Michael Spremulli • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24122425