219 South Broad Street APT S105MeridenCT06450
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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 219 South Broad Street APT S105, Meriden, CT, 06450 uses $48,068 cash to close to unlock $7,050/yr annual cash flow and $588/mo monthly cash flow. Total monthly income runs $1,891/mo, and a $710/mo payment keeps the spread at $588/mo. Purchase price stands at $145,000, and rental yield measures 15.65% with $1,891/mo rent. Return on cash invested shows 34.58% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 185.23% and total cumulative return in cash records $89,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,891/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$318 monthly 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: Kayla Dayle • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24136831
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.