93 Overlook RoadMeridenCT06450
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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
Rental property for sale in Meriden at 93 Overlook Road, Meriden, CT, 06450 priced at $510,000 pairs $1,860/mo rent with after a $2,496/mo payment. Total monthly income equals $1,860/mo. Return on cash invested is 8.58% in year one, and rental yield stands at 4.38% on a $510,000 basis. Equity gained on principal adds $3,291/yr, and 5% annual appreciation accumulates to $140,904 by year five. Five-year ROI measures 42.85% and total cumulative return in cash reaches $71,895. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $2,496/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.46 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: Ivanna Teyssedou • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24144254