424 Middle Turnpike West APT 5, Manchester, CT, 06040 | $142/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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424 Middle Turnpike West APT 5, Manchester, CT, 06040 | $142/mo Cash Flow | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Manchester at 424 Middle Turnpike West APT 5, Manchester, CT, 06040 uses $56,024 cash to close to unlock $1,703/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $1,290/mo, and a $827/mo payment keeps the spread at $142/mo. Purchase price stands at $169,000, and rental yield measures 9.16% with $1,290/mo rent. Return on cash invested shows 22.95% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 119.92% and total cumulative return in cash records $67,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,290/mo property income covering a $827/mo payment rather than investor’s personal income.

Condo

Built in 1959

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully Renovated 2-Bedroom, 1-Bath Ranch-Style Condo - Prime Manchester Location Move right into this first-floor, 2-bedroom, 1-bath ranch-style condo located in one of Manchester's most convenient and desirable areas! This unit has been completely renovated and features a brand-new kitchen with stainless steel appliances, quartz countertops, and a modern bathroom with elegant ceramic tile finishes. Enjoy a low-maintenance lifestyle with heat and hot water, grounds maintenance, snow removal, and trash pickup all included in the association dues. The community offers ample open parking, a refreshing pool, and a shared laundry facility. This well-maintained and professionally managed complex provides comfort and convenience at every turn. Ideally situated next to the Manchester Parkade Shopping Center, you'll be just minutes from grocery stores, restaurants, medical facilities, shopping, and public transportation.

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