4 Fullmar LaneNorwalkCT06850
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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 4 Fullmar Lane, Norwalk, CT, 06850 offers $12,000/mo rent that, after a $3,666/mo payment, leaves $6,911/mo cash flow. Total monthly income is $12,000/mo, and annual cash flow is $82,931/yr on $246,421 cash. Return on cash invested measures 53.71% in year one, and rental yield stands at 19.23% at a $749,000 entry. Equity gained on principal adds $4,833/yr while 5% annual appreciation compounds into $206,935 by year five. Five-year ROI records 284.88% and total cumulative return in cash reaches $702,016. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $12,000/mo property income versus a $3,666/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
1 Acres lot
$N/A/sqft
No 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: Gloria Dillard • Keller Williams Realty
Mls Name: Smart MLS
Mls ID: #24134857