79 Devils Garden RoadNorwalkCT06854
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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 79 Devils Garden Road, Norwalk, CT, 06854 priced at $1,250,000 converts $7,942/mo rent into after a $6,118/mo obligation. Total monthly income equals $7,942/mo. Return on cash invested prints 18.74% in year one, and rental yield reads 7.62% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 97.27% and total cumulative return in cash sums $393,937. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,942/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Single Family
Built in 1925
0.50 Acres 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: Kathryn Bates • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24099242
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.