150 West Center 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 150 West Center Street, Manchester, CT, 06040 uses $129,285 cash to close to unlock $3,198/yr annual cash flow and $267/mo monthly cash flow. Total monthly income runs $2,924/mo, and a $1,909/mo payment keeps the spread at $267/mo. Purchase price stands at $390,000, and rental yield measures 9% with $2,924/mo rent. Return on cash invested shows 22.38% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 116.93% and total cumulative return in cash records $151,172. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,924/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Multi Family
Built in 1924
5,662 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: Luan Phan • Eraway Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24114316
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.