53 Noroton AvenueDarienCT06820
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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 Darien at 53 Noroton Avenue, Darien, CT, 06820 priced at $1,095,000 converts $2,700/mo rent into after a $5,359/mo obligation. Total monthly income equals $2,700/mo. Return on cash invested prints 4.34% in year one, and rental yield reads 2.96% against a $1,095,000 entry. Equity gained on principal adds $7,066/yr, while 5% annual appreciation compiles into $302,528 by year five. Five-year ROI reaches 20.07% and total cumulative return in cash sums $71,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,700/mo property income covering a $5,359/mo payment, not borrower’s personal income.
Single Family
Built in 1927
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06820, Darien, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,368 (100%) |
| Owner Occupied HU | 5,873 (79.7%) |
| Renter Occupied HU | 1,115 (15.1%) |
| Vacant Housing Units | 380 ( 5.2%) |
| Median Home Value | $1,698,844 |
| Average Home Value | $1,624,133 |
Housing Distribution
Address Breakdown
Residential
7,307
Single Family
6,607
Multi-Family
700
Businesses
877
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Listed by: Nellie Snell • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24138983