20 Thompson Road APT 8AManchesterCT06040
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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
Rental property for sale in Manchester at 20 Thompson Road APT 8A, Manchester, CT, 06040 priced at $149,900 pairs $1,178/mo rent with $159/mo cash flow after a $734/mo payment. Total monthly income equals $1,178/mo, and annual cash flow comes to $1,910/yr on $49,692 invested. Return on cash invested is 23.75% in year one, and rental yield stands at 9.43% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 124.34% and total cumulative return in cash reaches $61,787. For financing, Ziffy Mortgage’s DSCR program evaluates $1,178/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1969
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: Dee Mattera • Luxe Realty LLC
Mls Name: Smart MLS
Mls ID: #24117534