55 Peacock DriveMeridenCT06451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 55 Peacock Drive, Meriden, CT, 06451 priced at $309,900 converts $2,387/mo rent into $281/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,387/mo, and annual cash flow totals $3,374/yr on $102,732 invested. Return on cash invested prints 23.19% in year one, and rental yield reads 9.24% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 121.29% and total cumulative return in cash sums $124,608. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,387/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1955
9,147 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: Raymond D. Valenti • RE/MAX Alliance
Mls Name: Smart MLS
Mls ID: #24095355