33 Main St #15MeridenCT06451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 33 Main St #15, Meriden, CT, 06451 priced at $354,900 pairs $1,846/mo rent with after a $1,737/mo payment. Total monthly income equals $1,846/mo. Return on cash invested is 12.2% in year one, and rental yield stands at 6.24% on a $354,900 basis. Equity gained on principal adds $2,290/yr, and 5% annual appreciation accumulates to $98,052 by year five. Five-year ROI measures 63.03% and total cumulative return in cash reaches $74,152. For financing, Ziffy Mortgage’s DSCR program evaluates $1,846/mo property income against a $1,737/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
$190 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie Billie • BHGRE Gaetano Marra Homes
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088159
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.