19 Carriage DriveWallingfordCT06492
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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 19 Carriage Drive, Wallingford, CT, 06492 generates $2,388/mo in rent and, after a $1,561/mo payment, leaves $221/mo in cash flow. Total monthly income is $2,388/mo, and annual cash flow is $2,651/yr on $105,749 invested. Return on cash invested sits at 22.42% in year one, and rental yield is 8.98% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 117.08% and total cumulative return in cash sums $123,805. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,388/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
8,712 sqft 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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Listed by: Debbie D. Huscher • Real Broker CT, LLC
Mls Name: Smart MLS
Mls ID: #24142510