31 High St #4-3DNorwalkCT06851
Nearby investment properties with comparable rents
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 31 High St #4-3D, Norwalk, CT, 06851 with 5% annual appreciation on a $275,000 basis while $2,608/mo rent supports operations. Total monthly income totals $2,608/mo and a $1,346/mo payment preserves $541/mo for cash returns. Annual cash flow comes to $6,486/yr on $91,163 deployed, and return on cash invested reaches 27.02% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 11.38%. Five-year ROI measures 142.77% and total cumulative return in cash totals $130,151.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,608/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1988
N/A lot
$N/A/sqft
$199 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06851, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,981 (100%) |
| Owner Occupied HU | 7,690 (64.2%) |
| Renter Occupied HU | 3,859 (32.2%) |
| Vacant Housing Units | 432 ( 3.6%) |
| Median Home Value | $593,741 |
| Average Home Value | $631,581 |
Housing Distribution
Address Breakdown
Residential
11,401
Single Family
9,136
Multi-Family
2,265
Businesses
1,163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: VANTAGEPOINT PROPERTIES AT REMAX RIGHT CHOICE • RE/MAX Right Choice
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079596
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.