2 Fern Avenue APT 13, Wallingford, CT, 06492 | 8.01% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2 Fern Avenue APT 13, Wallingford, CT, 06492 | 8.01% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1302 sft

407 Shelton Avenue, New Haven, CT, 06511

Investment Property+ 3 more

7 Bed
3 Bath
2925 sft

22 Roosevelt Street, Bridgeport, CT, 06608

3 Bed
2 Bath
1428 sft

25 Richards Street, West Haven, CT, 06516

Currently Rented+ 2 more

11 Bed
4 Bath
4699 sft

98 Sylvan Avenue, New Haven, CT, 06519

Nearby investment properties with comparable prices

1 Bed
1 Bath
835 sft

142 Foxwood Close #142, Milford, CT, 06461

1 Bed
1 Bath
835 sft

442 Swanson Crescent #442, Milford, CT, 06461

2 Bed
2 Bath
1210 sft

152 Stonybrook Rd, Stratford, CT, 06614

3 Bed
2 Bath
1288 sft

17 Patton Avenue, Seymour, CT, 06483

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Wallingford at 2 Fern Avenue APT 13, Wallingford, CT, 06492 priced at $250,000 pairs $1,669/mo rent with after a $1,224/mo payment. Total monthly income equals $1,669/mo. Return on cash invested is 19.47% in year one, and rental yield stands at 8.01% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 101.28% and total cumulative return in cash reaches $83,938. For financing, Ziffy Mortgage’s DSCR program evaluates $1,669/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 2009

N/A lot

$N/A/sqft

No HOA

More details about the property

Perfect, central location in the heart of downtown Wallingford! This move-in ready, two bedroom condo awaits its new owner. The main level offers lots of natural lighting with a large eat-in kitchen with stainless steel appliances features a balcony and on the other side of the floor is a large living room area. The half-bath is situated nicely between the two areas along with a stackable LG washer and dryer purchased in 2022. The upstairs features two bedrooms with wall to wall carpeting installed in 2022 and a full bathroom in between. The one-car garage offers an automatic opener and located at the back of the garage is a storage room. This condo, which is part of a 15 unit complex, offers the perfect balance of privacy and convenience. Close to the Wallingford Train Station, many local restaurants and bars, the dog park is just one block away, and local shopping is also quite close! Condo is being sold AS-IS - inspections for informational purposes only. Seller is requesting Highest and Best Offers be submitted by 8pm on Wednesday, July 9, 2025.

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