Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Meriden at 38 Trafford Street #8, Meriden, CT, 06450 priced at $180,000 converts $2,520/mo rent into $997/mo cash flow after a $881/mo obligation. Total monthly income equals $2,520/mo, and annual cash flow totals $11,964/yr on $59,670 invested. Return on cash invested prints 39.96% in year one, and rental yield reads 16.8% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 213.32% and total cumulative return in cash sums $127,289. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $881/mo payment, not borrower’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$300 monthly 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 |
|---|---|---|
| 2025-10-03 | Sold | $180,000 |
| 2025-08-20 | Pending sale | $185,000 |
| 2025-08-08 | Price change | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $2867.00 | 4.37% | $78,960 | N/A |
| 2023-10-15 | $2747.00 | 5.45% | $78,960 | N/A |
| 2022-10-15 | $2605.00 | -12.58% | $78,960 | 8.25% |
What's Special
Access Via Hatch
Listed by: Jasmine C. Spencer • Spencer Solutions
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24111301
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.
