1655 North Colony Road #5001MeridenCT06450
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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 1655 North Colony Road #5001, Meriden, CT, 06450 earns $192/mo cash flow from $1,381/mo rent with a $857/mo payment. Total monthly income totals $1,381/mo, and annual cash flow totals $2,298/yr on $58,013 capital. ROI tracks 23.87% on current figures, and rental yield reads 9.47% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 124.91% and total cumulative return in cash sums $72,463. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,381/mo property income instead of your personal income.
Condo
Built in 1989
N/A 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: Ed M. Sutton • KW Legacy Partners
Mls Name: Smart MLS
Mls ID: #24120440