429 Main St, Wallingford, CT, 06492 | 3.63% Rental Yield

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429 Main St, Wallingford, CT, 06492 | 3.63% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Total monthly income runs $1,890/mo, and a $3,059/mo payment. Purchase price stands at $624,999, and rental yield measures 3.63% with $1,890/mo rent. Return on cash invested shows 6.31% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 30.68% and total cumulative return in cash records $63,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $3,059/mo payment rather than investor’s personal income.

Multi Family

Built in 1850

0.51 Acres lot

$N/A/sqft

No HOA

More details about the property

This 2-family home is located minutes from I-91, route 15, stores, and public schools. Take advantage of Wallingford Electric and town water and sewer. The main floor features 4 bedrooms, 2 full bathrooms, fireplace, front porch, and walk-out patio overlooking many gardens. The occupied second floor apartment is spacious, with one bedroom, one full bathroom, a fireplace, and walk up attic for extra storage or laundry. Enjoy sunsets from the second floor deck. The property also has an oversized, detached 3-car garage with a gambrel roof, walk up storage space, with the possibility of being converted into an apartment. Ample parking in the driveway, which can comfortably fit 8 cars. This property is dually zoned (residential and commercial) and a great opportunity for investors, small business, or owner occupied living. Entire property also has possibilities of conversion into 2 building lots. Property is being sold as-is. Apartment will only be shown to interested parties booking a second showing. Agent owned.

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