88 Newtown AveNorwalkCT06851
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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 88 Newtown Ave, Norwalk, CT, 06851 with 5% annual appreciation on a $549,900 basis while $3,767/mo rent supports operations. Total monthly income totals $3,767/mo and a $2,691/mo payment preserves $31/mo for cash returns. Annual cash flow comes to $374/yr on $180,917 deployed, and return on cash invested reaches 20.27% in year one. Equity gained on principal adds $3,548/yr, and five-year appreciation sums $151,927 alongside rental yield of 8.22%. Five-year ROI measures 105.55% and total cumulative return in cash totals $190,958.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,767/mo property income versus a $2,691/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1941
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06851, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,981 (100%) |
| Owner Occupied HU | 7,690 (64.2%) |
| Renter Occupied HU | 3,859 (32.2%) |
| Vacant Housing Units | 432 ( 3.6%) |
| Median Home Value | $593,741 |
| Average Home Value | $631,581 |
Housing Distribution
Address Breakdown
Residential
11,401
Single Family
9,136
Multi-Family
2,265
Businesses
1,163
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Listed by: Sue Cooper • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085904
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.