23 Baldwin StreetMeridenCT06451
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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 23 Baldwin Street, Meriden, CT, 06451 priced at $339,900 converts $3,184/mo rent into $874/mo cash flow after a $1,664/mo obligation. Total monthly income equals $3,184/mo, and annual cash flow totals $10,490/yr on $112,677 invested. Return on cash invested prints 29.22% in year one, and rental yield reads 11.24% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 153.59% and total cumulative return in cash sums $173,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,184/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,583 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: Jenny A. Reyes • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24142266