114 Prann CtMeridenCT06450
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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 114 Prann Ct, Meriden, CT, 06450 uses $129,252 cash to close to unlock $12,324/yr annual cash flow and $1,027/mo monthly cash flow. Total monthly income runs $3,707/mo, and a $1,908/mo payment keeps the spread at $1,027/mo. Purchase price stands at $389,900, and rental yield measures 11.41% with $3,707/mo rent. Return on cash invested shows 29.44% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 154.86% and total cumulative return in cash records $200,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,707/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06450, Meriden, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,312
Single Family
12,493
Multi-Family
1,819
Businesses
1,173
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Listed by: Julia White • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24052082
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.