9 Milton DriveMeridenCT06450
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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 9 Milton Drive, Meriden, CT, 06450 offers a 8.59% rental yield on a $284,900 purchase with $2,039/mo rent. Total monthly income registers $2,039/mo, and a $1,394/mo payment leaves $104/mo available for distribution. Annual cash flow reaches $1,244/yr on $94,444 to close, and return on cash invested stands at 21.23% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 110.71% and total cumulative return in cash at $104,555. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,039/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.41 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: Peter Carbutti • Carbutti & Co., Realtors
Mls Name: Smart MLS
Mls ID: #24144515