7 Sunbright Drive SouthMeridenCT06450
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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
Rental property for sale in Meriden at 7 Sunbright Drive South, Meriden, CT, 06450 priced at $374,900 pairs $3,616/mo rent with $1,069/mo cash flow after a $1,835/mo payment. Total monthly income equals $3,616/mo, and annual cash flow comes to $12,824/yr on $124,279 invested. Return on cash invested is 30.23% in year one, and rental yield stands at 11.57% on a $374,900 basis. Equity gained on principal adds $2,419/yr, and 5% annual appreciation accumulates to $103,578 by year five. Five-year ROI measures 158.98% and total cumulative return in cash reaches $197,575. For financing, Ziffy Mortgage’s DSCR program evaluates $3,616/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.32 Acres 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: Lindsay Lionetti • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24149316