3 Lancaster DriveNorwalkCT06850
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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 3 Lancaster Drive, Norwalk, CT, 06850 generates $4,088/mo in rent, after a $3,911/mo payment. Total monthly income is $4,088/mo. Return on cash invested sits at 13.94% in year one, and rental yield is 6.14% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 71.58% and total cumulative return in cash sums $188,166. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,088/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.71 Acres 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: Mary Petro Noonan • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24114335