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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Meriden at 929 N Colony Rd UNIT 7, Meriden, CT, 06450 earns from $1,594/mo rent with a $978/mo payment. Total monthly income totals $1,594/mo. ROI tracks 19.21% on current figures, and rental yield reads 9.57% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 101.73% and total cumulative return in cash sums $67,417. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,594/mo property income instead of your personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$275 monthly HOA
Neighborhood data shown for ZIP Code: 06450, Meriden, CT area.
| 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 |
Residential
14,312
Single Family
12,493
Multi-Family
1,819
Businesses
1,173
Date | Event | Price |
|---|---|---|
| 2025-02-27 | Listed for sale | $199,900 |
| 2021-05-25 | Sold | $77,000 |
| 2021-04-22 | Contingent | $95,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
None
Listed by: Margo Mikunda • Complete Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24077026
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.
