49 Springdale AveMeridenCT06451
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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 49 Springdale Ave, Meriden, CT, 06451 priced at $282,000 pairs $2,860/mo rent with $944/mo cash flow after a $1,380/mo payment. Total monthly income equals $2,860/mo, and annual cash flow comes to $11,330/yr on $93,483 invested. Return on cash invested is 32.03% in year one, and rental yield stands at 12.17% on a $282,000 basis. Equity gained on principal adds $1,820/yr, and 5% annual appreciation accumulates to $77,911 by year five. Five-year ROI measures 168.67% and total cumulative return in cash reaches $157,681. For financing, Ziffy Mortgage’s DSCR program evaluates $2,860/mo property income against a $1,380/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
4,791 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: Annie Simard • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24049546
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.