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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Meriden, CT
Listed for sale 2 days ago
$ 194,900
ROI
23.2
Cash Flow/m
186- 3 Bed
- 2 Bath
- 1568 sft
71 Broad Street, Meriden, CT, 06450
Listed for sale 6 days ago
$ 325,000
ROI
24.7Cash Flow/m
447- 5 Bed
- 2 Bath
- 2254 sft
66 Vine Street, Meriden, CT, 06451
Listed for sale 6 days ago
$ 249,900
ROI
23.8Cash Flow/m
279- 2 Bed
- 2 Bath
- 1086 sft
560 Yale Avenue #4, Meriden, CT, 06450
Listed for sale 7 days ago
$ 469,900
ROI
22.5Cash Flow/m
360- 3 Bed
- 3 Bath
- 2020 sft
45 Saratoga Way, Meriden, CT, 06450
Why Invest in Meriden, Connecticut?
Meriden, CT offers strong investment potential in homes under $500k, with median prices around $325k leaving room for solid cash flow. Recent appreciation of 5-8% annually supports long-term growth while cap rates hover around 6-7%. Rental yields average 6.5% with average rents near $1,600/month and renter occupancy at 38%. The competitive market sees homes sell quickly, ideal for investors seeking affordable entry points with reliable returns.
8.5%
Avg. ROI
6.5%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
6.2%
1Y Appreciation
Frequently Asked Questions
Median sale prices in Meriden are around $325k, well under $500k, with many single-family homes available. Homes sell competitively after about 44 days on market. This price point offers strong entry for cash-flowing rentals.
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