275 Broad Street #9MeridenCT06450
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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 275 Broad Street #9, Meriden, CT, 06450 uses $51,349 cash to close to unlock $1,484/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $1,176/mo, and a $758/mo payment keeps the spread at $124/mo. Purchase price stands at $154,900, and rental yield measures 9.11% with $1,176/mo rent. Return on cash invested shows 22.8% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 119.15% and total cumulative return in cash records $61,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,176/mo property income covering a $758/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A 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: Peter Carbutti • Carbutti & Co., Realtors
Mls Name: Smart MLS
Mls ID: #24136420