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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 50 Quarry Farms Lane #48, Meriden, CT, 06451 generates $1,846/mo in rent, after a $1,370/mo payment. Total monthly income is $1,846/mo. Return on cash invested sits at 19.19% in year one, and rental yield is 7.91% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 99.8% and total cumulative return in cash sums $92,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,846/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06451, Meriden, CT area.
| 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 |
Residential
9,464
Single Family
8,427
Multi-Family
1,037
Businesses
491
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Melissa Lombardi • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24121504
