8 Argentine WayNorwalkCT06850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8 Argentine Way, Norwalk, CT, 06850 at $850,000 posts ROI 23.7% with $848/mo cash flow from $6,623/mo rent. Total monthly income equals $6,623/mo, and annual cash flow records $10,176/yr on $279,650 to close. Return on cash invested measures 23.7% and rental yield reads 9.35% at the current $850,000. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 by year five. Five-year ROI prints 123.93% and total cumulative return in cash totals $346,558.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,623/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
0.28 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: Arlene Bubbico • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088507
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.