66 Terrace Gardens #66WallingfordCT06492
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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 Wallingford at 66 Terrace Gardens #66, Wallingford, CT, 06492 offers a 9.42% rental yield on a $185,000 purchase with $1,452/mo rent. Total monthly income registers $1,452/mo, and a $905/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,346/yr on $61,328 to close, and return on cash invested stands at 23.73% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 124.18% and total cumulative return in cash at $76,155. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,452/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
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: Jay Smolenski • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24113774