17 Garden Drive APT CManchesterCT06040
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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 17 Garden Drive APT C, Manchester, CT, 06040 uses $43,062 cash to close to unlock $1,886/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,040/mo, and a $636/mo payment keeps the spread at $157/mo. Purchase price stands at $129,900, and rental yield measures 9.61% with $1,040/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 127.2% and total cumulative return in cash records $54,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,040/mo property income covering a $636/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: Donna L. Connolly • ERA Blanchard & Rossetto
Mls Name: Smart MLS
Mls ID: #24110759