304 Autumn StManchesterCT06040
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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 304 Autumn St, Manchester, CT, 06040 offers a 10.52% rental yield on a $365,500 purchase with $3,204/mo rent. Total monthly income registers $3,204/mo, and a $1,789/mo payment leaves $681/mo available for distribution. Annual cash flow reaches $8,175/yr on $121,163 to close, and return on cash invested stands at 26.66% in year one. Equity gained on principal adds $2,359/yr while 5% annual appreciation supports $100,981 over five years. Portfolio math shows five-year ROI at 139.98% and total cumulative return in cash at $169,604. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,204/mo property income against a $1,789/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.61 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: Mona F. Dube • Realty One Group Cutting Edge
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24076906
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.