24 Cutlery AvenueMeridenCT06451
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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 24 Cutlery Avenue, Meriden, CT, 06451 at $424,000 posts ROI 19.9% with from $2,880/mo rent. Total monthly income equals $2,880/mo. Return on cash invested measures 19.9% and rental yield reads 8.15% at the current $424,000. Equity gained on principal adds $2,736/yr, and 5% annual appreciation supports $117,143 by year five. Five-year ROI prints 103.62% and total cumulative return in cash totals $145,647. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,880/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
0.28 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: Shari DiDomenico • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24128601