57 Prescott 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
Total monthly income runs $2,191/mo, and a $2,325/mo payment. Purchase price stands at $475,000, and rental yield measures 5.54% with $2,191/mo rent. Return on cash invested shows 12.01% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 61.28% and total cumulative return in cash records $96,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,191/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Multi Family
Built in 1925
5,662 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: Christopher W. Hull • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24109762