11 Anderson StreetManchesterCT06040
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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
Investment property for sale in Manchester at 11 Anderson Street, Manchester, CT, 06040 listed at $349,900 pairs $2,940/mo rent with a $1,713/mo payment to leave $562/mo cash flow. Total monthly income runs $2,940/mo, and annual cash flow reaches $6,746/yr on $115,992 cash to close. Return on cash invested measures 25.73% in year one, and rental yield registers 10.08% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 134.86% and total cumulative return in cash totals $156,426. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,940/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1923
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06040, Manchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,411 (100%) |
| Owner Occupied HU | 7,881 (51.1%) |
| Renter Occupied HU | 6,807 (44.2%) |
| Vacant Housing Units | 723 ( 4.7%) |
| Median Home Value | $320,774 |
| Average Home Value | $341,609 |
Housing Distribution
Address Breakdown
Residential
15,428
Single Family
12,785
Multi-Family
2,643
Businesses
1,028
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Listed by: Donald W. Fish • D.W. Fish Real Estate
Mls Name: Smart MLS
Mls ID: #24150548