39 Hoffman Court APT B3WallingfordCT06492
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Nearby investment properties with comparable prices
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 39 Hoffman Court APT B3, Wallingford, CT, 06492 at $149,900 posts ROI 23% with $128/mo cash flow from $1,147/mo rent. Total monthly income equals $1,147/mo, and annual cash flow records $1,538/yr on $49,692 to close. Return on cash invested measures 23% and rental yield reads 9.18% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 120.33% and total cumulative return in cash totals $59,795.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,147/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1960
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: Charlotte J. Smith • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24141947