29 Oleary DriveManchesterCT06040
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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 29 Oleary Drive, Manchester, CT, 06040 at $315,000 posts ROI 26.4% with $565/mo cash flow from $2,705/mo rent. Total monthly income equals $2,705/mo, and annual cash flow records $6,774/yr on $104,423 to close. Return on cash invested measures 26.4% and rental yield reads 10.3% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 138.45% and total cumulative return in cash totals $144,569.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,705/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
9,147 sqft 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: Natalie Zoef • Vanguard Private Client Grp
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096923
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.