30 Stoneycrest Dr · Meriden, CT 06450

$569,900

6 bd · 4.0 ba · 3,888 sqft · MultiFamily public records · 14 Days on market

Built 1976 0.26 ac lot $147/sqft · 21% above area Est $472k · 21% over

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.9/30.0
• DSCR +7.0/10.0
• 1% rule +5.7/10.0
• Livability +4.2/5.0
• Schools +3.0/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Location!!! Location!!! Location!!! - Side-by-side 2 family in residential neighborhood. 6 Rooms in each unit - one unit has partially finished basement. Large shed with power - don't miss out - a must see!!!!!!

Key facts

• Hardwood flooring
• Private deck
• New boiler

Tags

• TOWNHOUSE STYLE UNITS
• DEDICATED DINING ROOM
• HARDWOOD FLOORING
• PRIVATE DECK
• IN UNIT LAUNDRY
• NEW BOILER

Property features AI

Exterior

• Parking: Two driveways plus on-street parking
• Utilities: Public water connected; Public sewer connected; In-ground fuel tank
• Home design: Multi-family property (3-family)
• Construction: Frame construction; Concrete foundation; Asphalt shingle roof; Built as a multi-family building
• Exterior features: Vinyl siding; Two driveways plus on-street parking (GPS friendly directions)

Interior

• Bedrooms: 8 bedrooms
• Bathrooms: 3 full bathrooms; 2 half bathrooms
• Heating & cooling: Hot water heat; Electric and oil fuel sources; Window AC units
• Interior features: 16 total rooms; No basement
• Laundry & utility: Washer and dryer in all units; Laundry on main level in all units; 50-gallon hot water tank

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/?-bath units multifamily listed at $570k.

Deal economics

• At list price, monthly cash flow is $837 ($10k/yr) — positive. Per door: $279/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $570k).
• Cap rate 8.2% vs local median 4.2% in Meriden — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 85/100 on livability (#4 in CT, #505 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, housing A+, health & safety A+.
• Meriden School District (suburban): math 27% / reading 41% proficiency, ranked #116 of 153 in CT (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Francis T. Maloney High School (math 20% / reading 45%, grade F, #125 of 194 statewide, top 66%, 1,264 students, 71% FRL).
• Market conditions: Rents rising (+1.6%/yr); 98 active listings in the ZIP; 1,059 units permitted in South Central Connecticut Planning Region in 2024 (779 in 5+ unit buildings).
• At $6,088/mo this rent would consume 103% of the median local household income ($71k/yr) (locally 1516% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $17k of value loss. Plan a longer hold.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $569,900

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 8.17%
• Cash-on-cash: 6.71%
• DSCR: 1.30
• GRM: 7.8

CMA / ARV

• ARV (median comp): $471,597
• List price: $569,900
• Delta: 20.84%
• Verdict: OVERPRICED
• Comps: 19 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.65% rent growth · sell at horizon

5-year hold

• IRR: -8.1%
• Equity multiple: 0.70×
• Total profit: $-47,093
• Equity at exit: $84,974

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-4,500
• Equity at exit: $49,275

Cash invested: $159,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06450

• Rents YoY: 1.6%
• Active inventory: 98
• Price-to-rent: 23.4×

Monthly cashflow live

• Estimated rent: $6,088 high
• Mortgage (P&I): −$2,989
• Tax from tax record: −$691 /mo · $8,292/yr
• Insurance: −$237
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,278
• Net cashflow: $837

Break-even live

Break-even rent $5,029

Max offer price $569,900

Occupancy floor 81%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	—	$6,087
Total (3 units)			$6,088

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $142,475
• Closing costs: $17,097
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-18
   status Under Contract 919-char remark
2. 2026-05-04
   listed $569,900 Active 919-char remark
3. 2006-05-22
   soldstatus $254,000
4. 2006-05-15
   soldstatus $254,000 212-char remark

   Show marketing remark (212 chars)

   Location!!! Location!!! Location!!! - Side-by-side 2 family in residential neighborhood. 6 Rooms in each unit - one unit has partially finished basement. Large shed with power - don't miss out - a must see!!!!!!

5. 2006-03-09
   listed $254,900 212-char remark

   Show marketing remark (212 chars)

   Location!!! Location!!! Location!!! - Side-by-side 2 family in residential neighborhood. 6 Rooms in each unit - one unit has partially finished basement. Large shed with power - don't miss out - a must see!!!!!!

6. 2000-11-15
   soldstatus $125,000
7. 2000-11-14
   soldstatus $125,000

   Show marketing remark (214 chars)

   Young duplex located a short distance from all highways-excellent house to livein and let the tenant pay your mortgage. Excellent fha-chfa home easy to show-sale is subject to probate court approval-imm. Occupancy.

8. 2000-08-07
   listed $129,900

   Show marketing remark (214 chars)

   Young duplex located a short distance from all highways-excellent house to livein and let the tenant pay your mortgage. Excellent fha-chfa home easy to show-sale is subject to probate court approval-imm. Occupancy.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $8,292 · $691/mo
• Projected year-2 tax: $10,244 · $854/mo
• Expected delta: +$1,952/yr (+$163/mo · 23.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $73,056
• − Mortgage interest: −$31,923
• − Property taxes: −$8,292
• − Insurance: −$3,516
• − Repairs & maintenance: −$5,844
• − Management: −$5,844
• − Depreciation: −$16,579
• Taxable income: $1,057
• Est. tax owed @ 24.0%: −$254
• After-tax cash flow: $9,789/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Meriden School District
• NCES district ID: 0902400
• Math proficiency: 27% ▼ -8.00%
• Reading proficiency: 41% ▼ -6.00%
• Median HH income: $53,883
• Composite: 29.84/100
• National rank: #6413
• State rank: #116 of 153 in CT

Livability — Meriden

• Score: 85/100
• State rank: #4
• US rank: #505

Category grades

Amenities A+ Commute A Cost of living A- Crime A- Employment C Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Meriden, CT
• County: New Haven County · 688,236 people
• City population: 60,545
• Metro: New Haven-Milford, CT
• Population (ZIP): 35,694
• Household income: $71,250
• Rent vs Own: 37.7% rent · 62.3% own
• Severe rent burden: 1516.0

Population outlook (South Central Connecticut County) Hauer SSP2

• By 2040: 608,362

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 51% Hispanic / Latino 36% Two or more races 16% Black 7% Asian 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 23% Dominican 3%
• Common ancestry: Romanian 8% Lithuanian 4% Scotch-Irish 2%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 70% English-only · Spanish 25% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · South Central Connecticut

• 2024 margin: Strong D (+20.1) · D 59.0% · R 38.9% · Other 2.1%
• All cycles: 2024: D+20.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -154.37%
• Current HPI: 263.7288
• Rent YoY: ▲ 1.65%
• Metro: New Haven-Milford, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+315.7% since first listed

9 events — show timeline

• 2026-06-17 Sold (MLS) $540,000 Smart MLS
• 2026-05-18 Pending — Smart MLS
• 2026-05-04 Listed $569,900 Smart MLS
• 2006-05-22 Sold (Public Records) $254,000 Public Records
• 2006-05-15 Sold (MLS) $254,000 Smart MLS
• 2006-03-09 Listed $254,900 Smart MLS
• 2000-11-15 Sold (Public Records) $125,000 Public Records
• 2000-11-14 Sold (MLS) $125,000 Smart MLS
• 2000-08-07 Listed $129,900 Smart MLS

Property tax history

+0.2%/yr

Latest (2023): $8,292 · +5.5% YoY. Source: county tax records.