9 Observatory Place #ANorwalkCT06854
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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 Observatory Place #A, Norwalk, CT, 06854 offers $3,840/mo rent that, after a $2,178/mo payment, leaves $817/mo cash flow. Total monthly income is $3,840/mo, and annual cash flow is $9,798/yr on $147,518 cash. Return on cash invested measures 26.55% in year one, and rental yield stands at 10.36% at a $445,000 entry. Equity gained on principal adds $2,872/yr while 5% annual appreciation compounds into $122,945 by year five. Five-year ROI records 139.25% and total cumulative return in cash reaches $205,424. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $2,178/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A 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: Linda Lombardo • Higgins Group Greenwich
Mls Name: Smart MLS
Mls ID: #24133156