870 N Colony RdMeridenCT06450
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 870 N Colony Rd, Meriden, CT, 06450 priced at $436,000 converts $1,860/mo rent into after a $2,134/mo obligation. Total monthly income equals $1,860/mo. Return on cash invested prints 10.76% in year one, and rental yield reads 5.12% against a $436,000 entry. Equity gained on principal adds $2,813/yr, while 5% annual appreciation compiles into $120,459 by year five. Five-year ROI reaches 54.55% and total cumulative return in cash sums $78,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $2,134/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.62 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine M. Zygmont • Lamacchia Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097374
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.