51 Griswold StreetMeridenCT06450
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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
Investment property for sale in Meriden at 51 Griswold Street, Meriden, CT, 06450 at $575,000 posts ROI 5.55% with from $1,619/mo rent. Total monthly income equals $1,619/mo. Return on cash invested measures 5.55% and rental yield reads 3.38% at the current $575,000. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 by year five. Five-year ROI prints 26.62% and total cumulative return in cash totals $50,351. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,619/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
9,583 sqft 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: Steven T. Koleno • Beycome of Connecticut
Mls Name: Smart MLS
Mls ID: #24096039