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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Meriden at 235 Grove St, Meriden, CT, 06451 offers a 5.77% rental yield on a $425,000 purchase with $2,042/mo rent. 71% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 65.02% and total cumulative return in cash at $91,601. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,042/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1925
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06451, Meriden, CT area.
| 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 |
Residential
9,464
Single Family
8,427
Multi-Family
1,037
Businesses
491
Date | Event | Price |
|---|---|---|
| 2025-05-14 | Listed for sale | $425,000 |
| 2012-01-13 | Listing removed | $159,000 |
| 2011-06-22 | Listed for sale | $159,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-19 | $5076.00 | 3.74% | $131,810 | N/A |
| 2023-05-19 | $4893.00 | 6.00% | $131,810 | N/A |
| 2022-05-19 | $4616.00 | 16.62% | $131,810 | 44.96% |
What's Special
None
Listed by: Steven T. Koleno • Beycome of Connecticut
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095959
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.
