104 Mather StreetManchesterCT06042
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Manchester at 104 Mather Street, Manchester, CT, 06042 priced at $319,900 converts $2,935/mo rent into $761/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,935/mo, and annual cash flow totals $9,134/yr on $106,047 invested. Return on cash invested prints 28.52% in year one, and rental yield reads 11.01% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 149.86% and total cumulative return in cash sums $158,924. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,935/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Marina Tirado • Dave Jones Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24118264
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