55 Edwards StreetManchesterCT06042
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 55 Edwards Street, Manchester, CT, 06042 in Manchester deserves attention. This $324,900 property earns $3,142/mo in rent, a 11.6% gross yield, and nets $934/mo after the $1,540/mo payment. DSCR 2.04 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $89,764 compounds alongside $2,724/yr in yearly equity build, for a total cumulative return of $178,112.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 5.8% |
| Monthly Cash Flow | $934 | $285 |
City averages based on Manchester market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,142 |
| Total Monthly Debt Service | $2,158 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1984
0.28 Acres lot
$N/A/sqft
No HOA
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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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Listed by: N/A • N/A
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24207876
