476 Woodbridge Street APT 9ManchesterCT06042
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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 476 Woodbridge Street APT 9, Manchester, CT, 06042 offers a 16.38% rental yield on a $161,161 purchase with $2,200/mo rent. Total monthly income registers $2,200/mo, and a $789/mo payment leaves $720/mo available for distribution. Annual cash flow reaches $8,637/yr on $53,425 to close, and return on cash invested stands at 36.08% in year one. Equity gained on principal adds $1,040/yr while 5% annual appreciation supports $44,526 over five years. Portfolio math shows five-year ROI at 193.49% and total cumulative return in cash at $103,374. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,200/mo property income against a $789/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
N/A lot
$N/A/sqft
$385 monthly HOA
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Listed by: Shelby S. Muraski • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24094320
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