3 Oakwood Avenue APT A5NorwalkCT06850
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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 Oakwood Avenue APT A5, Norwalk, CT, 06850 priced at $282,000 converts $2,747/mo rent into $606/mo cash flow after a $1,380/mo obligation. Total monthly income equals $2,747/mo, and annual cash flow totals $7,274/yr on $93,483 invested. Return on cash invested prints 27.69% in year one, and rental yield reads 11.69% against a $282,000 entry. Equity gained on principal adds $1,820/yr, while 5% annual appreciation compiles into $77,911 by year five. Five-year ROI reaches 146.45% and total cumulative return in cash sums $136,909. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,747/mo property income covering a $1,380/mo payment, not borrower’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$225 monthly 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: Berny Mullappally • The Bella Group, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24117325
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.