38 Stuart Avenue APT CNorwalkCT06850
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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 38 Stuart Avenue APT C, Norwalk, CT, 06850 priced at $540,000 converts $3,883/mo rent into after a $2,643/mo obligation. Total monthly income equals $3,883/mo. Return on cash invested prints 18.97% in year one, and rental yield reads 8.63% against a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation compiles into $149,192 by year five. Five-year ROI reaches 99.5% and total cumulative return in cash sums $176,774. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,883/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$375 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: Elaine Parruccini • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24110780
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.