5 Tarone DriveNorwalkCT06851
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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 5 Tarone Drive, Norwalk, CT, 06851 generates $4,859/mo in rent, after a $4,062/mo payment. Total monthly income is $4,859/mo. Return on cash invested sits at 16.63% in year one, and rental yield is 7.03% on a $830,000 entry. Equity gained on principal adds $5,356/yr, while 5% annual appreciation builds toward $229,314 over five years. Five-year ROI reaches 86.03% and total cumulative return in cash sums $234,918. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,859/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.37 Acres 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: Lauren Healy • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093302
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.