15 Forest Street #LManchesterCT06040
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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 15 Forest Street #L, Manchester, CT, 06040 uses $49,692 cash to close to unlock $2,114/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,195/mo, and a $734/mo payment keeps the spread at $176/mo. Purchase price stands at $149,900, and rental yield measures 9.57% with $1,195/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 126.54% and total cumulative return in cash records $62,879. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,195/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1944
N/A 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: Jacek Mikolajczyk • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24128056