70 N Turnpike Rd LOT 21WallingfordCT06492
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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 70 N Turnpike Rd LOT 21, Wallingford, CT, 06492 listed at $150,000 pairs $1,129/mo rent with a $734/mo payment to leave $110/mo cash flow. Total monthly income runs $1,129/mo, and annual cash flow reaches $1,320/yr on $49,725 cash to close. Return on cash invested measures 22.56% in year one, and rental yield registers 9.03% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 117.88% and total cumulative return in cash totals $58,614. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,129/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2022
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: Darice Joerman • Garden Homes Management
Mls Name: My State MLS
Mls ID: #11588803