42 Pine StMeridenCT06451
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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 42 Pine St, Meriden, CT, 06451 offers $1,935/mo rent that, after a $1,707/mo payment. Total monthly income is $1,935/mo. Return on cash invested measures 15.4% in year one, and rental yield stands at 6.66% at a $348,700 entry. Equity gained on principal adds $2,250/yr while 5% annual appreciation compounds into $96,339 by year five. Five-year ROI records 79.46% and total cumulative return in cash reaches $91,850. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,935/mo property income versus a $1,707/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1905
3,049 sqft lot
$N/A/sqft
No 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
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Listed by: N/A • N/A
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