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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 69 Sterling Village #69, Meriden, CT, 06450 generates $1,978/mo in rent and, after a $974/mo payment, leaves $626/mo in cash flow. Total monthly income is $1,978/mo, and annual cash flow is $7,511/yr on $65,969 invested. Return on cash invested sits at 31.29% in year one, and rental yield is 11.93% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 164.69% and total cumulative return in cash sums $108,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,978/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06450, Meriden, CT area.
| 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 |
Residential
14,312
Single Family
12,493
Multi-Family
1,819
Businesses
1,173
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: Margaret C. Bennett • Margaret Bennett Realty
Mls Name: Smart MLS
Mls ID: #24135025
