62 Oak Forest Drive #6-2ManchesterCT06042
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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 62 Oak Forest Drive #6-2, Manchester, CT, 06042 priced at $280,000 converts $2,692/mo rent into $435/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,692/mo, and annual cash flow totals $5,220/yr on $92,820 invested. Return on cash invested prints 25.53% in year one, and rental yield reads 11.54% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 135.45% and total cumulative return in cash sums $125,721. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,692/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$355 monthly HOA
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Listed by: Linda A. Edelwich • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092199
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