162 Broad StManchesterCT06042
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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 162 Broad St, Manchester, CT, 06042 with 5% annual appreciation on a $259,900 basis while $2,580/mo rent supports operations. Total monthly income totals $2,580/mo and a $1,272/mo payment preserves $769/mo for cash returns. Annual cash flow comes to $9,232/yr on $86,157 deployed, and return on cash invested reaches 30.62% in year one. Equity gained on principal adds $1,677/yr, and five-year appreciation sums $71,806 alongside rental yield of 11.91%. Five-year ROI measures 161.35% and total cumulative return in cash totals $139,018.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,580/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
8,276 sqft lot
$N/A/sqft
No HOA
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Listed by: Tracy L. Molloy • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085827
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