9 Coventry PlaceNorwalkCT06854
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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 9 Coventry Place, Norwalk, CT, 06854 offers a 6.6% rental yield on a $769,000 purchase with $4,230/mo rent. 34% in year one. Equity gained on principal adds $4,962/yr while 5% annual appreciation supports $212,461 over five years. Portfolio math shows five-year ROI at 79.1% and total cumulative return in cash at $200,131. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,230/mo property income against a $3,764/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.33 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: Karen L. Danks • Howard Hanna Rand Realty
Mls Name: Smart MLS
Mls ID: #24124771