311 South Main StreetManchesterCT06040
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 311 South Main Street, Manchester, CT, 06040 with 5% annual appreciation on a $569,000 basis while $1,866/mo rent supports operations. 24% in year one. Equity gained on principal adds $3,672/yr, and five-year appreciation sums $157,204 alongside rental yield of 3.94%. Five-year ROI measures 35.66% and total cumulative return in cash totals $66,755. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,866/mo property income versus a $2,785/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheri Trudon • ERA Blanchard & Rossetto
Mls Name: Smart MLS
Mls ID: #24132499