Zip Code 06451 — Meriden, CT
🔴WEAK— appreciation play onlyCap Rate
3.7%
Monthly Cash Flow
-$730
Median Home Price
$327,350
DSCR
0.58
🏠 Fair Market Rents
- Studio
- $1,090/mo
- 1 Bedroom
- $1,200/mo
- 2 Bedroom
- $1,460/mo
- 3 Bedroom
- $1,800/mo
- 4 Bedroom
- $2,050/mo
📊 Investment Metrics
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -11.6%
- Price-to-Rent Ratio
- 15.2
- 1% Rule
- 0.55%
- Gross Rent Multiplier
- 15.2
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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