9 c New Canaan Way #9NorwalkCT06850
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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 9 c New Canaan Way #9, Norwalk, CT, 06850 priced at $1,200,000 pairs $4,344/mo rent with after a $5,873/mo payment. Total monthly income equals $4,344/mo. Return on cash invested is 8.61% in year one, and rental yield stands at 4.34% on a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and 5% annual appreciation accumulates to $331,538 by year five. Five-year ROI measures 42.98% and total cumulative return in cash reaches $167,099. For financing, Ziffy Mortgage’s DSCR program evaluates $4,344/mo property income against a $5,873/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1999
N/A 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: Melissa Jones • Houlihan Lawrence
Mls Name: Smart MLS
Mls ID: #24125465