6 Fern StreetNorwalkCT06854
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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 Fern Street, Norwalk, CT, 06854 at $625,000 posts ROI 15.67% with from $3,494/mo rent. Total monthly income equals $3,494/mo. Return on cash invested measures 15.67% and rental yield reads 6.71% at the current $625,000. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 by year five. Five-year ROI prints 80.87% and total cumulative return in cash totals $166,297. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,494/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1964
5,662 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: Bob Jr L. Virgulak • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24109117