3 Harvard RoadManchesterCT06042
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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 3 Harvard Road, Manchester, CT, 06042 priced at $390,000 pairs $2,844/mo rent with $194/mo cash flow after a $1,909/mo payment. Total monthly income equals $2,844/mo, and annual cash flow comes to $2,328/yr on $129,285 invested. Return on cash invested is 21.71% in year one, and rental yield stands at 8.75% on a $390,000 basis. Equity gained on principal adds $2,517/yr, and 5% annual appreciation accumulates to $107,750 by year five. Five-year ROI measures 113.29% and total cumulative return in cash reaches $146,468. For financing, Ziffy Mortgage’s DSCR program evaluates $2,844/mo property income against a $1,909/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
7,840 sqft lot
$N/A/sqft
No HOA
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Listed by: Hala Hanna • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096384
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.