55 Homestead StManchesterCT06042
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 55 Homestead St, Manchester, CT, 06042 in Manchester. Priced at $249,900, it generates $1,997/mo in gross rent and $611/mo in net monthly cash flow, a 11.09% yield that comfortably supports the 1.78 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,330. Five-year appreciation: $69,043. Equity from principal paydown: $2,302/yr. Total projected cumulative return: $114,689.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 5.8% |
| Monthly Cash Flow | $611 | $285 |
City averages based on Manchester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,997 |
| Total Monthly Debt Service | $1,599 |
| DSCR Ratio | 1.25x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1918
7,405 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1918
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The McHugh Turker Team at Berkshire Hathaway Homeservices New England Properties • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092007
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.