97 Richards Avenue APT E12NorwalkCT06854
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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 97 Richards Avenue APT E12, Norwalk, CT, 06854 listed at $365,000 pairs $3,252/mo rent with a $1,786/mo payment to leave $773/mo cash flow. Total monthly income runs $3,252/mo, and annual cash flow reaches $9,270/yr on $120,998 cash to close. Return on cash invested measures 27.57% in year one, and rental yield registers 10.69% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 144.74% and total cumulative return in cash totals $175,135. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,252/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
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: Lina Mak-Chin • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24133709