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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 4 days ago
$ 260,000
ROI
29.0
Cash Flow/m
668- 2 Bed
- 1 Bath
- 965 sft
90 Myrtle Street, Meriden, CT, 06450
Fix & Flip
Listed for sale 4 days ago
$ 299,900
ROI
28.9Cash Flow/m
761- 3 Bed
- 2 Bath
- 1092 sft
7 Rogers Drive, Meriden, CT, 06450
Listed for sale 5 days ago
$ 199,000
ROI
23.3Cash Flow/m
197- 4 Bed
- 1 Bath
- 1280 sft
89 Robin Hill Road, Meriden, CT, 06450
Listed for sale 5 days ago
$ 289,900
ROI
20.4Cash Flow/m
50- 3 Bed
- 2 Bath
- 1464 sft
24 Summit Street, 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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