217 Summit StManchesterCT06042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 217 Summit St, Manchester, CT, 06042 priced at $389,000 converts $2,926/mo rent into $283/mo cash flow after a $1,904/mo obligation. Total monthly income equals $2,926/mo, and annual cash flow totals $3,395/yr on $128,954 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 9.03% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 117.74% and total cumulative return in cash sums $151,830. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,926/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Multi Family
Built in 1922
5,662 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dillon Cass • eRealty Advisors, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079738
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.