729 Paddock AveMeridenCT06450
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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 729 Paddock Ave, Meriden, CT, 06450 priced at $264,900 converts $1,775/mo rent into after a $1,297/mo obligation. Total monthly income equals $1,775/mo. Return on cash invested prints 18.43% in year one, and rental yield reads 8.04% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 96.18% and total cumulative return in cash sums $84,464. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,775/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.48 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: Wayne Hugendubel • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087122
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.