8 Crown AvenueNorwalkCT06854
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 8 Crown Avenue, Norwalk, CT, 06854 in Norwalk hard to pass up. The 11.96% gross yield on a $869,900 purchase results in $8,670/mo in rent and $2,759/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.22). Annual cash flow of $33,114, five-year appreciation of $240,337, and $8,012/yr in equity build-up combine for a projected total cumulative return of $509,728.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 4.5% |
| Monthly Cash Flow | $2,759 | $1,850 |
City averages based on Norwalk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,670 |
| Total Monthly Debt Service | $5,564 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
6,098 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
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
Single Family
Built in 1960
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judy Miko • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24148414