22 Saint James Street APT MManchesterCT06040
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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 22 Saint James Street APT M, Manchester, CT, 06040 priced at $105,000 converts $1,604/mo rent into $651/mo cash flow after a $514/mo obligation. Total monthly income equals $1,604/mo, and annual cash flow totals $7,806/yr on $34,808 invested. Return on cash invested prints 42.34% in year one, and rental yield reads 18.33% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 226.96% and total cumulative return in cash sums $78,998. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,604/mo property income covering a $514/mo payment, not borrower’s personal income.
Condo
Built in 1944
N/A lot
$N/A/sqft
$240 monthly 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: Nawaz Shaikh • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24125237
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.