251 Spring StreetManchesterCT06040
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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 251 Spring Street, Manchester, CT, 06040 priced at $433,000 pairs $2,843/mo rent with after a $2,119/mo payment. Total monthly income equals $2,843/mo. Return on cash invested is 18.81% in year one, and rental yield stands at 7.88% on a $433,000 basis. Equity gained on principal adds $2,794/yr, and 5% annual appreciation accumulates to $119,630 by year five. Five-year ROI measures 97.84% and total cumulative return in cash reaches $140,444. For financing, Ziffy Mortgage’s DSCR program evaluates $2,843/mo property income against a $2,119/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
0.72 Acres 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: Kurt M. Potter • RE/MAX Right Choice
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24052541
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.