131 Summerhill Rd UNIT 131WallingfordCT06492
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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 Wallingford at 131 Summerhill Rd UNIT 131, Wallingford, CT, 06492 generates $3,097/mo in rent and, after a $1,535/mo payment, leaves $966/mo in cash flow. Total monthly income is $3,097/mo, and annual cash flow is $11,592/yr on $103,992 invested. Return on cash invested sits at 31.06% in year one, and rental yield is 11.85% on a $313,700 entry. Equity gained on principal adds $2,024/yr, while 5% annual appreciation builds toward $86,670 over five years. Five-year ROI reaches 163.4% and total cumulative return in cash sums $169,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,097/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06492, Wallingford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,895 (100%) |
| Owner Occupied HU | 13,044 (69.0%) |
| Renter Occupied HU | 5,071 (26.8%) |
| Vacant Housing Units | 780 ( 4.1%) |
| Median Home Value | $387,324 |
| Average Home Value | $416,671 |
Housing Distribution
Address Breakdown
Residential
18,504
Single Family
17,175
Multi-Family
1,329
Businesses
2,086
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