48 Fair StreetNorwalkCT06851
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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 48 Fair Street, Norwalk, CT, 06851 priced at $593,000 converts $4,867/mo rent into $838/mo cash flow after a $2,902/mo obligation. Total monthly income equals $4,867/mo, and annual cash flow totals $10,060/yr on $195,097 invested. Return on cash invested prints 25.22% in year one, and rental yield reads 9.85% against a $593,000 entry. Equity gained on principal adds $3,827/yr, while 5% annual appreciation compiles into $163,835 by year five. Five-year ROI reaches 132.08% and total cumulative return in cash sums $257,686. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,867/mo property income covering a $2,902/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06851, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,981 (100%) |
| Owner Occupied HU | 7,690 (64.2%) |
| Renter Occupied HU | 3,859 (32.2%) |
| Vacant Housing Units | 432 ( 3.6%) |
| Median Home Value | $593,741 |
| Average Home Value | $631,581 |
Housing Distribution
Address Breakdown
Residential
11,401
Single Family
9,136
Multi-Family
2,265
Businesses
1,163
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Listed by: Thomas C. McNeill JR • Acorn Action LLC
Mls Name: Smart MLS
Mls ID: #24131710