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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wallingford at 18 Simpson Ave, Wallingford, CT, 06492 with 5% annual appreciation on a $339,900 basis while $2,444/mo rent supports operations. Total monthly income totals $2,444/mo and a $1,664/mo payment preserves $134/mo for cash returns. Annual cash flow comes to $1,610/yr on $112,677 deployed, and return on cash invested reaches 21.34% in year one. Equity gained on principal adds $2,193/yr, and five-year appreciation sums $93,908 alongside rental yield of 8.63%. Five-year ROI measures 111.34% and total cumulative return in cash totals $125,459.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,444/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06492, Wallingford, CT area.
| 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 |
Residential
18,504
Single Family
17,175
Multi-Family
1,329
Businesses
2,086
Date | Event | Price |
|---|---|---|
| 2020-06-18 | Sold | $193,000 |
| 2020-05-12 | Pending sale | $209,900 |
| 2020-02-20 | Price change | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-15 | $4452.00 | 4.51% | $145,200 | N/A |
| 2023-05-15 | $4260.00 | 1.02% | $145,200 | N/A |
| 2022-05-15 | $4217.00 | 1.84% | $145,200 | N/A |
What's Special
Storage,Access Via Hatch
Listed by: Wesley Krombel • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095041
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.
