324 Strawberry Hill Avenue APT B104NorwalkCT06851
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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
Investment property for sale in Norwalk at 324 Strawberry Hill Avenue APT B104, Norwalk, CT, 06851 offers a 15.91% rental yield on a $129,000 purchase with $1,710/mo rent. Total monthly income registers $1,710/mo, and a $631/mo payment leaves $834/mo available for distribution. Annual cash flow reaches $10,007/yr on $42,764 to close, and return on cash invested stands at 43.31% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 229.12% and total cumulative return in cash at $97,981. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,710/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
N/A lot
$N/A/sqft
No 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
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Listed by: Chris Iannacone • Crown Realty
Mls Name: Smart MLS
Mls ID: #24146418