39 Putter Drive #503WallingfordCT06492
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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 39 Putter Drive #503, Wallingford, CT, 06492 generates $1,978/mo in rent and, after a $978/mo payment, leaves $620/mo in cash flow. Total monthly income is $1,978/mo, and annual cash flow is $7,442/yr on $66,267 invested. Return on cash invested sits at 31.14% in year one, and rental yield is 11.87% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 163.92% and total cumulative return in cash sums $108,625. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,978/mo property income rather than buyer’s personal income.
Condo
Built in 1986
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: Darren J. Sweeney • Dan Combs Real Estate
Mls Name: Smart MLS
Mls ID: #24123979