9 Jean AveNorwalkCT06850
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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 Jean Ave, Norwalk, CT, 06850 uses $262,871 cash to close to unlock $7,487/yr annual cash flow and $624/mo monthly cash flow. Total monthly income runs $6,053/mo, and a $3,911/mo payment keeps the spread at $624/mo. Purchase price stands at $799,000, and rental yield measures 9.09% with $6,053/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 119.69% and total cumulative return in cash records $314,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,053/mo property income covering a $3,911/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.34 Acres 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: Todd Turcotte • Milligan Realty.com
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090428
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.