85 North Colony StreetWallingfordCT06492
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Nearby investment properties with comparable prices
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 85 North Colony Street, Wallingford, CT, 06492 at $650,000 posts ROI 21.54% with $264/mo cash flow from $4,680/mo rent. Total monthly income equals $4,680/mo, and annual cash flow records $3,168/yr on $213,850 to close. Return on cash invested measures 21.54% and rental yield reads 8.64% at the current $650,000. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 by year five. Five-year ROI prints 112.35% and total cumulative return in cash totals $240,266.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,680/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
4,791 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: Billie D'alessio • HomeRun Realty LLC
Mls Name: Smart MLS
Mls ID: #24150119