131 Lake 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
Investment property for sale in Manchester at 131 Lake Street, Manchester, CT, 06042 at $365,000 posts ROI 30.13% with $1,031/mo cash flow from $3,538/mo rent. Total monthly income equals $3,538/mo, and annual cash flow records $12,366/yr on $120,998 to close. Return on cash invested measures 30.13% and rental yield reads 11.63% at the current $365,000. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 by year five. Five-year ROI prints 158.56% and total cumulative return in cash totals $191,851.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,538/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1938
1.02 Acres lot
$N/A/sqft
No HOA
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Listed by: Taheera Pinto • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24128668
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.