27 Payne PlaceMeridenCT06450
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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 27 Payne Place, Meriden, CT, 06450 priced at $346,000 pairs $2,794/mo rent with $444/mo cash flow after a $1,694/mo payment. Total monthly income equals $2,794/mo, and annual cash flow comes to $5,323/yr on $114,699 invested. Return on cash invested is 24.55% in year one, and rental yield stands at 9.69% on a $346,000 basis. Equity gained on principal adds $2,233/yr, and 5% annual appreciation accumulates to $95,593 by year five. Five-year ROI measures 128.53% and total cumulative return in cash reaches $147,426. For financing, Ziffy Mortgage’s DSCR program evaluates $2,794/mo property income against a $1,694/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
0.35 Acres 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: Sandra M. Schede • Maier Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24084117
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.