793 West Main Street APT EMeridenCT06451
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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 793 West Main Street APT E, Meriden, CT, 06451 uses $82,544 cash to close to unlock $6,371/yr annual cash flow and $531/mo monthly cash flow. Total monthly income runs $2,578/mo, and a $1,219/mo payment keeps the spread at $531/mo. Purchase price stands at $249,000, and rental yield measures 12.42% with $2,578/mo rent. Return on cash invested shows 27.63% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 146.88% and total cumulative return in cash records $121,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,578/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1988
N/A lot
$N/A/sqft
$355 monthly 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: Schuyler Goines • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24042160
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.