5 Lakeview DriveNorwalkCT06850
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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
Investment property for sale in Norwalk at 5 Lakeview Drive, Norwalk, CT, 06850 offers a 8.6% rental yield on a $575,000 purchase with $4,122/mo rent. Total monthly income registers $4,122/mo, and a $2,814/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,586/yr on $189,175 to close, and return on cash invested stands at 21.43% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,862 over five years. Portfolio math shows five-year ROI at 111.76% and total cumulative return in cash at $211,415. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,122/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
4,791 sqft 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: Aziz Seyal • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24151671