33 N Water St UNIT 506NorwalkCT06854
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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 33 N Water St UNIT 506, Norwalk, CT, 06854 generates $3,356/mo in rent and, after a $2,349/mo payment, leaves $95/mo in cash flow. Total monthly income is $3,356/mo, and annual cash flow is $1,140/yr on $159,120 invested. Return on cash invested sits at 20.63% in year one, and rental yield is 8.39% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 107.46% and total cumulative return in cash sums $170,993. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,356/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06854, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,442 (100%) |
| Owner Occupied HU | 5,243 (42.1%) |
| Renter Occupied HU | 6,566 (52.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $531,431 |
| Average Home Value | $634,519 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
8,781
Multi-Family
2,711
Businesses
998
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Listed by: Gloria Gimenez Ferrer • BHHS New England Properties
Mls Name: Greenwich MLS, Inc.
Mls ID: #124083