27 Homestead StreetManchesterCT06042
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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 27 Homestead Street, Manchester, CT, 06042 uses $99,782 cash to close to unlock $5,953/yr annual cash flow and $496/mo monthly cash flow. Total monthly income runs $2,541/mo, and a $1,473/mo payment keeps the spread at $496/mo. Purchase price stands at $301,000, and rental yield measures 10.13% with $2,541/mo rent. Return on cash invested shows 25.88% in year one, and 5% annual appreciation builds toward $83,161 over five years. Five-year ROI reaches 135.67% and total cumulative return in cash records $135,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,541/mo property income covering a $1,473/mo payment rather than investor’s personal income.
Single Family
Built in 1924
0.34 Acres lot
$N/A/sqft
No HOA
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Listed by: Krob Robinson • Eagle Eye Realty PLLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103748
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