7 Lycett CtNorwalkCT06850
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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 7 Lycett Ct, Norwalk, CT, 06850 with 5% annual appreciation on a $706,500 basis while $4,990/mo rent supports operations. Total monthly income totals $4,990/mo and a $3,458/mo payment preserves $190/mo for cash returns. Annual cash flow comes to $2,276/yr on $232,439 deployed, and return on cash invested reaches 21.04% in year one. Equity gained on principal adds $4,559/yr, and five-year appreciation sums $195,193 alongside rental yield of 8.48%. Five-year ROI measures 109.67% and total cumulative return in cash totals $254,920.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,990/mo property income versus a $3,458/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
0.29 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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