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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 1 day ago
$ 255,000
ROI
19.9
Cash Flow/m
7- 4 Bed
- 2 Bath
- 1340 sft
90 Franklin Street, Meriden, CT, 06450
Listed for sale 1 day ago
$ 240,000
ROI
23.4Cash Flow/m
240- 2 Bed
- 2 Bath
- 1224 sft
23 Woodley Court #2, Meriden, CT, 06450
Listed for sale 1 day ago
$ 425,000
ROI
25.9Cash Flow/m
728- 3 Bed
- 3 Bath
- 2183 sft
960 Thorpe Avenue, Meriden, CT, 06450
Currently Rented
Listed for sale 1 day ago
$ 354,900
ROI
21.2Cash Flow/m
144- 3 Bed
- 3 Bath
- 1342 sft
102 Wayne Lane, 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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