55 Clinton AvenueNorwalkCT06854
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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 55 Clinton Avenue, Norwalk, CT, 06854 generates $4,656/mo in rent and, after a $2,826/mo payment, leaves $733/mo in cash flow. Total monthly income is $4,656/mo, and annual cash flow is $8,797/yr on $189,938 invested. Return on cash invested sits at 24.69% in year one, and rental yield is 9.68% on a $577,319 entry. Equity gained on principal adds $3,725/yr, while 5% annual appreciation builds toward $159,503 over five years. Five-year ROI reaches 129.28% and total cumulative return in cash sums $245,551. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,656/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06854, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,442 (100%) |
| Owner Occupied HU | 5,243 (42.1%) |
| Renter Occupied HU | 6,566 (52.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $531,431 |
| Average Home Value | $634,519 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
8,781
Multi-Family
2,711
Businesses
998
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Listed by: Susan Hanson • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24114107
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.