70 Andrews Street #3MeridenCT06451
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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 70 Andrews Street #3, Meriden, CT, 06451 offers a 9.32% rental yield on a $169,900 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $832/mo payment leaves $165/mo available for distribution. Annual cash flow reaches $1,982/yr on $56,322 to close, and return on cash invested stands at 23.43% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 122.6% and total cumulative return in cash at $69,050. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A 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: Steven T. Koleno • Beycome of Connecticut
Mls Name: Smart MLS
Mls ID: #24150750