38 Wheeler RoadWethersfieldCT06109
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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 Wethersfield at 38 Wheeler Road, Wethersfield, CT, 06109 uses $115,992 cash to close to unlock $266/yr annual cash flow and $22/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,713/mo payment keeps the spread at $22/mo. Purchase price stands at $349,900, and rental yield measures 8.23% with $2,400/mo rent. Return on cash invested shows 20.14% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 104.9% and total cumulative return in cash records $121,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1948
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,055 (100%) |
| Owner Occupied HU | 8,807 (73.1%) |
| Renter Occupied HU | 2,878 (23.9%) |
| Vacant Housing Units | 370 ( 3.1%) |
| Median Home Value | $356,914 |
| Average Home Value | $381,808 |
Housing Distribution
Address Breakdown
Residential
11,825
Single Family
10,382
Multi-Family
1,443
Businesses
667
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Listed by: Stacey L. McPherson • KW Legacy Partners
Mls Name: Smart MLS
Mls ID: #24148856