78 Cutlery AveMeridenCT06451
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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 78 Cutlery Ave, Meriden, CT, 06451 earns $849/mo cash flow from $3,677/mo rent with a $2,037/mo payment. Total monthly income totals $3,677/mo, and annual cash flow totals $10,191/yr on $137,970 capital. ROI tracks 27.3% on current figures, and rental yield reads 10.6% at a $416,200 purchase. Equity gained on principal adds $2,686/yr, and 5% annual appreciation supports $114,988 over five years. Five-year ROI reaches 143.27% and total cumulative return in cash sums $197,666. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,677/mo property income instead of your personal income.
Single Family
Built in 1880
10,454 sqft 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: N/A • N/A
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