58 Ambassador Drive #FManchesterCT06042
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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 58 Ambassador Drive #F, Manchester, CT, 06042 priced at $251,000 converts $2,541/mo rent into $429/mo cash flow after a $1,229/mo obligation. Total monthly income equals $2,541/mo, and annual cash flow totals $5,149/yr on $83,207 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 12.15% against a $251,000 entry. Equity gained on principal adds $1,620/yr, while 5% annual appreciation compiles into $69,347 by year five. Five-year ROI reaches 139% and total cumulative return in cash sums $115,656. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,541/mo property income covering a $1,229/mo payment, not borrower’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$406 monthly HOA
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Listed by: Julia White • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088981
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.