199 Glen Hills RoadMeridenCT06451
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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 199 Glen Hills Road, Meriden, CT, 06451 with 5% annual appreciation on a $315,000 basis while $2,960/mo rent supports operations. Total monthly income totals $2,960/mo and a $1,542/mo payment preserves $820/mo for cash returns. Annual cash flow comes to $9,834/yr on $104,423 deployed, and return on cash invested reaches 29.33% in year one. Equity gained on principal adds $2,033/yr, and five-year appreciation sums $87,029 alongside rental yield of 11.28%. Five-year ROI measures 154.17% and total cumulative return in cash totals $160,985.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,960/mo property income versus a $1,542/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
6,534 sqft 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: Gregorio Santiago • Weichert, Realtors-On The Mark
Mls Name: Smart MLS
Mls ID: #24148488