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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% |
Rental property for sale in Meriden at 14 Butternut Drive, Meriden, CT, 06450 offers $3,772/mo rent that, after a $1,958/mo payment, leaves $1,054/mo cash flow. Total monthly income is $3,772/mo, and annual cash flow is $12,648/yr on $132,600 cash. Return on cash invested measures 29.45% in year one, and rental yield stands at 11.32% at a $400,000 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,513 by year five. Five-year ROI records 154.77% and total cumulative return in cash reaches $205,228. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,772/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.34 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 |
|---|---|---|
| 2025-06-06 | Listed for sale | $400,000 |
| 2007-10-04 | Sold | $257,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-07 | $6202.00 | 4.38% | $170,800 | N/A |
| 2023-06-07 | $5942.00 | 5.45% | $170,800 | N/A |
| 2022-06-07 | $5635.00 | -5.55% | $170,800 | 16.97% |
What's Special
Crawl Space,Access Via Hatch
Listed by: The Huscher Team at Real Broker CT • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24101247
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.
