46 Prospect Avenue APT 2HNorwalkCT06850
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
Investment property for sale in Norwalk at 46 Prospect Avenue APT 2H, Norwalk, CT, 06850 uses $77,903 cash to close to unlock $678/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $1,653/mo, and a $1,150/mo payment keeps the spread at $57/mo. Purchase price stands at $235,000, and rental yield measures 8.44% with $1,653/mo rent. Return on cash invested shows 20.78% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 108.34% and total cumulative return in cash records $84,400. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,653/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1961
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ishwar Rameshar • Besmatch Real Estate
Mls Name: Smart MLS
Mls ID: #24137358