219 South Broad Street #S108MeridenCT06450
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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
Rental property for sale in Meriden at 219 South Broad Street #S108, Meriden, CT, 06450 generates $1,098/mo in rent and, after a $710/mo payment, leaves $113/mo in cash flow. Total monthly income is $1,098/mo, and annual cash flow is $1,350/yr on $48,068 invested. Return on cash invested sits at 22.72% in year one, and rental yield is 9.09% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 118.72% and total cumulative return in cash sums $57,068. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,098/mo property income rather than buyer’s personal income.
Condo
Built in 1987
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: Fran M. Silvestri • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24150903