29 Summer 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
Investment property for sale in Manchester at 29 Summer Street, Manchester, CT, 06040 earns from $1,847/mo rent with a $1,346/mo payment. Total monthly income totals $1,847/mo. ROI tracks 19.63% on current figures, and rental yield reads 8.06% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 102.15% and total cumulative return in cash sums $93,119. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,847/mo property income instead of your personal income.
Single Family
Built in 1899
0.28 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: Nancy L. Newman • LPT Realty
Mls Name: Smart MLS
Mls ID: #24124790