52 Devon 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
Rental property for sale in Manchester at 52 Devon Drive, Manchester, CT, 06040 generates $1,866/mo in rent and, after a $1,155/mo payment, leaves $263/mo in cash flow. Total monthly income is $1,866/mo, and annual cash flow is $3,151/yr on $78,234 invested. Return on cash invested sits at 23.94% in year one, and rental yield is 9.49% on a $236,000 entry. Equity gained on principal adds $1,523/yr, while 5% annual appreciation builds toward $65,202 over five years. Five-year ROI reaches 125.25% and total cumulative return in cash sums $97,986. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,866/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
7,405 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
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Listed by: Brian Burke • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24120332