181 Hicks Street APT 2C, Meriden, CT, 06450 | $159/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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181 Hicks Street APT 2C, Meriden, CT, 06450 | $159/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Meriden at 181 Hicks Street APT 2C, Meriden, CT, 06450 generates $1,518/mo in rent and, after a $979/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,518/mo, and annual cash flow is $1,908/yr on $66,300 invested. Return on cash invested sits at 22.79% in year one, and rental yield is 9.11% on a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 119.05% and total cumulative return in cash sums $78,932. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,518/mo property income rather than buyer’s personal income.

Condo

Built in 1985

N/A lot

$N/A/sqft

No HOA

More details about the property

PRICE IMPROVEMENT! Tucked away in a beautiful neighborhood, this home offers peace and privacy while being just minutes from the mall, hospital, downtown, and highways. Perfect for a young family or someone looking to downsize, it provides great space and comfort. The third floor features a spacious primary bedroom with nature views and a second bedroom ideal for guests, loved ones or an office. The updated bathroom with stylish tile adds a modern touch. The main level is the heart of the home, offering a large living room that opens to an inviting kitchen with a dishwasher for easy cleanup. From the kitchen, step out to a walkout patio leading to the back of the building or access the main level by stairs. The lower level includes parking and a flexible open area perfect for a gym, hangout, or laundry space. Come see this charming home - it's ready for you!

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