45 Morse RoadManchesterCT06040
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
Rental property for sale in Manchester at 45 Morse Road, Manchester, CT, 06040 priced at $179,900 converts $1,411/mo rent into $188/mo cash flow after a $881/mo obligation. Total monthly income equals $1,411/mo, and annual cash flow totals $2,258/yr on $59,637 invested. Return on cash invested prints 23.7% in year one, and rental yield reads 9.41% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 123.99% and total cumulative return in cash sums $73,941. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,411/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1944
9,583 sqft 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: Bryan Feery • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24119446