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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 258 Cartpath Drive, Meriden, CT, 06450 listed at $379,900 pairs $2,789/mo rent with a $1,859/mo payment to leave $208/mo cash flow. Total monthly income runs $2,789/mo, and annual cash flow reaches $2,498/yr on $125,937 cash to close. Return on cash invested measures 21.89% in year one, and rental yield registers 8.81% at a $379,900 basis. Equity gained on principal adds $2,451/yr, and annual property appreciation at 5% supports $104,959 by year five. Five-year ROI tracks 114.3% and total cumulative return in cash totals $143,945. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,789/mo property income relative to a $1,859/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1982
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06450, Meriden, CT area.
| 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 |
Residential
14,312
Single Family
12,493
Multi-Family
1,819
Businesses
1,173
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listed for sale | $379,900 |
| 2025-01-31 | Sold | $240,000 |
| 2024-12-15 | Price change | $299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-28 | $6003.00 | 4.36% | $165,340 | N/A |
| 2023-05-28 | $5752.00 | 5.44% | $165,340 | N/A |
| 2022-05-28 | $5455.00 | 2.60% | $165,340 | 27.06% |
What's Special
None
Listed by: Steven T. Koleno • Beycome of Connecticut
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098263
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.
