49 Olcott DriveManchesterCT06040
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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 49 Olcott Drive, Manchester, CT, 06040 uses $120,964 cash to close to unlock $5,504/yr annual cash flow and $459/mo monthly cash flow. Total monthly income runs $2,938/mo, and a $1,786/mo payment keeps the spread at $459/mo. Purchase price stands at $364,900, and rental yield measures 9.66% with $2,938/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 128.03% and total cumulative return in cash records $154,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,938/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.31 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
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Listed by: Tracy S. Wagner • Rockoff Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098712
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.