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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% |
Rental property for sale in Wallingford at 31 S Turnpike Rd APT B4, Wallingford, CT, 06492 generates $3,104/mo in rent and, after a $1,713/mo payment, leaves $376/mo in cash flow. Total monthly income is $3,104/mo, and annual cash flow is $4,512/yr on $116,025 invested. Return on cash invested sits at 23.8% in year one, and rental yield is 10.64% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 125.79% and total cumulative return in cash sums $145,946. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,104/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$350 monthly 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 |
|---|---|---|
| 2021-07-15 | Sold | $290,000 |
| 2021-06-28 | Pending sale | $289,000 |
| 2021-06-28 | Contingent | $289,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-04 | $5657.00 | 4.51% | $184,500 | N/A |
| 2023-03-04 | $5413.00 | 1.03% | $184,500 | N/A |
| 2022-03-04 | $5358.00 | 1.82% | $184,500 | N/A |
What's Special
Access Via Hatch
Listed by: Heather Zito • Carbutti & Co., Realtors
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24076878
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.
