373 Parker StreetManchesterCT06042
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 373 Parker Street, Manchester, CT, 06042 in Manchester deserves attention. This $290,000 property earns $3,259/mo in rent, a 13.49% gross yield, and nets $1,289/mo after the $1,304/mo payment. DSCR 2.50 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $80,122 compounds alongside $2,671/yr in yearly equity build, for a total cumulative return of $193,640.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 5.8% |
| Monthly Cash Flow | $1,289 | $285 |
City averages based on Manchester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,259 |
| Total Monthly Debt Service | $1,855 |
| DSCR Ratio | 1.76x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
0.26 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 1953
0.26 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victor L. Santana • Santana Realty Group LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089124