37 Thorpe AvenueMeridenCT06450
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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 37 Thorpe Avenue, Meriden, CT, 06450 priced at $329,900 pairs $2,411/mo rent with $169/mo cash flow after a $1,615/mo payment. Total monthly income equals $2,411/mo, and annual cash flow comes to $2,030/yr on $109,362 invested. Return on cash invested is 21.77% in year one, and rental yield stands at 8.77% on a $329,900 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,145 by year five. Five-year ROI measures 113.63% and total cumulative return in cash reaches $124,263. For financing, Ziffy Mortgage’s DSCR program evaluates $2,411/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
0.51 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: Anthony La Penna • Complete Real Estate
Mls Name: Smart MLS
Mls ID: #24141548