40 Tory Hill LaneNorwalkCT06853
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
Rental property for sale in Norwalk at 40 Tory Hill Lane, Norwalk, CT, 06853 generates $4,827/mo in rent, after a $6,847/mo payment. Total monthly income is $4,827/mo. Return on cash invested sits at 7.99% in year one, and rental yield is 4.14% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 39.61% and total cumulative return in cash sums $179,549. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,827/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06853, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,449 (100%) |
| Owner Occupied HU | 1,167 (80.5%) |
| Renter Occupied HU | 182 (12.6%) |
| Vacant Housing Units | 100 ( 6.9%) |
| Median Home Value | $1,455,819 |
| Average Home Value | $1,490,002 |
Housing Distribution
Address Breakdown
Residential
1,534
Single Family
1,471
Multi-Family
63
Businesses
175
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Connell • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24151095