3 Pilgrim Harbor #CWallingfordCT06492
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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 3 Pilgrim Harbor #C, Wallingford, CT, 06492 priced at $319,000 converts $2,365/mo rent into $198/mo cash flow after a $1,561/mo obligation. Total monthly income equals $2,365/mo, and annual cash flow totals $2,375/yr on $105,749 invested. Return on cash invested prints 22.15% in year one, and rental yield reads 8.9% against a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation compiles into $88,134 by year five. Five-year ROI reaches 115.67% and total cumulative return in cash sums $122,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,365/mo property income covering a $1,561/mo payment, not borrower’s personal income.
Condo
Built in 1972
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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Listed by: Patricia Moreggi • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24142935