30 Phelps 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 30 Phelps Road, Manchester, CT, 06042 offers $3,236/mo rent that, after a $1,429/mo payment, leaves $1,252/mo cash flow. Total monthly income is $3,236/mo, and annual cash flow is $15,026/yr on $96,798 cash. Return on cash invested measures 35.43% in year one, and rental yield stands at 13.3% at a $292,000 entry. Equity gained on principal adds $1,884/yr while 5% annual appreciation compounds into $80,674 by year five. Five-year ROI records 186.9% and total cumulative return in cash reaches $180,920. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,236/mo property income versus a $1,429/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Julie Corrado • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24084619
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.