6 Alvin 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 6 Alvin Drive, Norwalk, CT, 06850 listed at $999,000 pairs $4,670/mo rent with a $4,890/mo payment. Total monthly income runs $4,670/mo. Return on cash invested measures 12.33% in year one, and rental yield registers 5.61% at a $999,000 basis. Equity gained on principal adds $6,446/yr, and annual property appreciation at 5% supports $276,005 by year five. Five-year ROI tracks 62.94% and total cumulative return in cash totals $206,882. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,670/mo property income relative to a $4,890/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
0.31 Acres 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: Fiona Porter • Keller Williams Realty
Mls Name: Smart MLS
Mls ID: #24124700