505 Westport AvenueNorwalkCT06851
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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 505 Westport Avenue, Norwalk, CT, 06851 listed at $200,000 pairs $1,370/mo rent with a $979/mo payment to leave $11/mo cash flow. Total monthly income runs $1,370/mo, and annual cash flow reaches $132/yr on $66,300 cash to close. Return on cash invested measures 20.11% in year one, and rental yield registers 8.22% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 104.7% and total cumulative return in cash totals $69,416. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,370/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1997
2,178 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: Emiliano Navarro • Keller Williams Realty
Mls Name: Smart MLS
Mls ID: #24134565