69 Terrace Gardens #69WallingfordCT06492
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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 69 Terrace Gardens #69, Wallingford, CT, 06492 uses $64,311 cash to close to unlock $1,709/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $1,461/mo, and a $950/mo payment keeps the spread at $142/mo. Purchase price stands at $194,000, and rental yield measures 9.04% with $1,461/mo rent. Return on cash invested shows 22.57% in year one, and 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 117.94% and total cumulative return in cash records $75,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,461/mo property income covering a $950/mo payment rather than investor’s personal income.
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: Sarah Kolman • The Heritage Group, LLC
Mls Name: Smart MLS
Mls ID: #24151367