21 Schooner LaneMeridenCT06451
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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 21 Schooner Lane, Meriden, CT, 06451 with 5% annual appreciation on a $349,900 basis while $3,433/mo rent supports operations. Total monthly income totals $3,433/mo and a $1,713/mo payment preserves $1,055/mo for cash returns. Annual cash flow comes to $12,662/yr on $115,992 deployed, and return on cash invested reaches 30.83% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 11.77%. Five-year ROI measures 162.2% and total cumulative return in cash totals $188,142.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,433/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.27 Acres 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: Kd Kling • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24136686