6 Studio LnNorwalkCT06850
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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 6 Studio Ln, Norwalk, CT, 06850 generates $5,431/mo in rent and, after a $3,421/mo payment, leaves $682/mo in cash flow. Total monthly income is $5,431/mo, and annual cash flow is $8,183/yr on $229,971 invested. Return on cash invested sits at 23.62% in year one, and rental yield is 9.32% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 123.49% and total cumulative return in cash sums $283,994. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,431/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
1.02 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: Michael Turchiano • RE/MAX Heritage
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24068172
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.