11 Riverside DriveMeridenCT06451
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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 Meriden at 11 Riverside Drive, Meriden, CT, 06451 uses $130,777 cash to close to unlock $65/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $2,686/mo, and a $1,931/mo payment keeps the spread at $5/mo. Purchase price stands at $394,500, and rental yield measures 8.17% with $2,686/mo rent. Return on cash invested shows 19.96% in year one, and 5% annual appreciation builds toward $108,993 over five years. Five-year ROI reaches 103.91% and total cumulative return in cash records $135,893. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,686/mo property income covering a $1,931/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.84 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,464
Single Family
8,427
Multi-Family
1,037
Businesses
491
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Listed by: Evynne M. Graveline • Better Living Realty, LLC
Mls Name: Smart MLS
Mls ID: #24126159