60 Wallace RowWallingfordCT06492
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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 60 Wallace Row, Wallingford, CT, 06492 priced at $369,900 pairs $3,221/mo rent with $708/mo cash flow after a $1,810/mo payment. Total monthly income equals $3,221/mo, and annual cash flow comes to $8,498/yr on $122,622 invested. Return on cash invested is 26.84% in year one, and rental yield stands at 10.45% on a $369,900 basis. Equity gained on principal adds $2,387/yr, and 5% annual appreciation accumulates to $102,197 by year five. Five-year ROI measures 140.82% and total cumulative return in cash reaches $172,678. For financing, Ziffy Mortgage’s DSCR program evaluates $3,221/mo property income against a $1,810/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1910
8,276 sqft 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: Brooke Ruiz • Harriman Real Estate LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24077785
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.