11 Richard RoadManchesterCT06040
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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 Richard Road, Manchester, CT, 06040 offers a 4.34% rental yield on a $813,000 purchase with $2,940/mo rent. 47% in year one. Equity gained on principal adds $5,246/yr while 5% annual appreciation supports $224,617 over five years. Portfolio math shows five-year ROI at 42.27% and total cumulative return in cash at $113,061. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,940/mo property income against a $3,979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
1.01 Acres 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: Patty A. Martin • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24109462