29 Johnson RoadWallingfordCT06492
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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 Wallingford at 29 Johnson Road, Wallingford, CT, 06492 offers a 12.96% rental yield on a $386,000 purchase with $4,168/mo rent. Total monthly income registers $4,168/mo, and a $1,889/mo payment leaves $1,546/mo available for distribution. Annual cash flow reaches $18,547/yr on $127,959 to close, and return on cash invested stands at 34.4% in year one. Equity gained on principal adds $2,491/yr while 5% annual appreciation supports $106,645 over five years. Portfolio math shows five-year ROI at 181.37% and total cumulative return in cash at $232,080. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,168/mo property income against a $1,889/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.41 Acres 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: Noah Gates • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24130772
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.