81 Hanover StreetWallingfordCT06492
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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 81 Hanover Street, Wallingford, CT, 06492 with 5% annual appreciation on a $359,900 basis while $3,389/mo rent supports operations. Total monthly income totals $3,389/mo and a $1,762/mo payment preserves $943/mo for cash returns. Annual cash flow comes to $11,318/yr on $119,307 deployed, and return on cash invested reaches 29.4% in year one. Equity gained on principal adds $2,322/yr, and five-year appreciation sums $99,434 alongside rental yield of 11.3%. Five-year ROI measures 154.53% and total cumulative return in cash totals $184,370.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,389/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
9,147 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: Linda J. Conchado • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24134860