1001 Old Colony Road APT 4-1, Meriden, CT, 06451 | $216/mo Cash Flow

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1001 Old Colony Road APT 4-1, Meriden, CT, 06451 | $216/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Meriden at 1001 Old Colony Road APT 4-1, Meriden, CT, 06451 offers a 9.23% rental yield on a $239,900 purchase with $1,846/mo rent. Total monthly income registers $1,846/mo, and a $1,174/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,594/yr on $79,527 to close, and return on cash invested stands at 23.17% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 121.18% and total cumulative return in cash at $96,367. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,846/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

This extraordinary end-unit townhouse has been completely transformed since 2020 with high-quality,tastefully executed renovations. Entering the front door,you're greeted by an inviting foyer that leads upstairs to a chef-inspired dream kitchen featuring elegant gray cabinetry,sophisticated granite countertops,sleek black hardware,premium stainless-steel appliances,& beautifully finished hardwood flooring.The kitchen opens seamlessly to the dining area, where an extended window alcove enhances both natural light and spaciousness.Adjacent to the dining area is a bright, welcoming living room-an ideal setting for entertaining guests or enjoying a quiet evening with a book or your favorite show. A fully remodeled half bath completes the main level, which also includes hardwood floors throughout, expansive windows, sliders to a deck, & a back door leading to your outoor space.The 2nd level features a generously sized, serene primary bedroom that serves as a perfect retreat at the end of the day.The 2nd bedroom-well suited for a home office-overlooks mature trees that attract colorful birds,offering a lovely connection to nature. A newly renovated full bathroom,showcasing timeless tilework and stunning glass shower doors,services this level.In addition enjoy exceptionally low condo fees of $220/month,economical gas heat & hot water, low taxes,& a pet-friendly community.Schedule your showing today and begin the new year in this impressive home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06451, Meriden, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,791 (100%)
Owner Occupied HU	5,691 (52.7%)
Renter Occupied HU	4,353 (40.3%)
Vacant Housing Units	747 ( 6.9%)
Median Home Value	$277,449
Average Home Value	$337,992