53 Woodland StreetMeridenCT06451
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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 53 Woodland Street, Meriden, CT, 06451 uses $62,952 cash to close to unlock $14,822/yr annual cash flow and $1,235/mo monthly cash flow. Total monthly income runs $2,525/mo, and a $929/mo payment keeps the spread at $1,235/mo. Purchase price stands at $189,900, and rental yield measures 15.96% with $2,525/mo rent. Return on cash invested shows 43.45% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 229.95% and total cumulative return in cash records $144,761. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,525/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,662 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: Samir Hamideh • Maier Real Estate
Mls Name: Smart MLS
Mls ID: #24114628