85 Soundview AvenueNorwalkCT06854
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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 85 Soundview Avenue, Norwalk, CT, 06854 priced at $825,000 pairs $8,670/mo rent with $3,065/mo cash flow after a $4,038/mo payment. Total monthly income equals $8,670/mo, and annual cash flow comes to $36,774/yr on $271,425 invested. Return on cash invested is 33.61% in year one, and rental yield stands at 12.61% on a $825,000 basis. Equity gained on principal adds $5,324/yr, and 5% annual appreciation accumulates to $227,932 by year five. Five-year ROI measures 177.08% and total cumulative return in cash reaches $480,633. For financing, Ziffy Mortgage’s DSCR program evaluates $8,670/mo property income against a $4,038/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1911
0.31 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: Lisa Nuzzo • RE/MAX Heritage
Mls Name: Smart MLS
Mls ID: #24127808