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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Meriden at 11 Broad St, Meriden, CT, 06450 earns $447/mo cash flow from $2,518/mo rent with a $1,492/mo payment. Total monthly income totals $2,518/mo, and annual cash flow totals $5,360/yr on $101,074 capital. ROI tracks 25.21% on current figures, and rental yield reads 9.91% at a $304,900 purchase. Equity gained on principal adds $1,967/yr, and 5% annual appreciation supports $84,238 over five years. Five-year ROI reaches 132.07% and total cumulative return in cash sums $133,490. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,518/mo property income instead of your personal income.
Multi Family
Built in 1937
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06450, Meriden, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,548 (100%) |
| Owner Occupied HU | 8,633 (55.5%) |
| Renter Occupied HU | 5,916 (38.0%) |
| Vacant Housing Units | 999 ( 6.4%) |
| Median Home Value | $273,744 |
| Average Home Value | $352,363 |
Residential
14,312
Single Family
12,493
Multi-Family
1,819
Businesses
1,173
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $304,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-17 | $5337.00 | 3.73% | $138,600 | N/A |
| 2023-03-17 | $5145.00 | 7.64% | $138,600 | 1.54% |
| 2022-03-17 | $4780.00 | 17.85% | $136,500 | 46.51% |
What's Special
Finished,Walk-up
Listed by: Patrick R. Combs • Dan Combs Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079878
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
