63 Summit Street APT 11, Manchester, CT, 06040 | $219/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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63 Summit Street APT 11, Manchester, CT, 06040 | $219/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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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Investment Highlights

Investment property for sale in Manchester at 63 Summit Street APT 11, Manchester, CT, 06040 listed at $179,900 pairs $1,442/mo rent with a $881/mo payment to leave $219/mo cash flow. Total monthly income runs $1,442/mo, and annual cash flow reaches $2,630/yr on $59,637 cash to close. Return on cash invested measures 24.32% in year one, and rental yield registers 9.62% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 127.37% and total cumulative return in cash totals $75,957. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,442/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1982

N/A lot

$N/A/sqft

No HOA

More details about the property

Tastefully updated unit in Summit Village, a quiet, well-maintained community with ample parking and easy access to shopping, dining, and highways. This inviting home offers 2 spacious bedrooms with generous closets and a newly renovated full bath. Fresh paint and new flooring flow throughout the unit. The eat-in kitchen features updated stainless steel appliances, a pantry, and plenty of room for cooking and casual dining. The family room opens to a private deck overlooking a wooded backyard - an ideal spot for relaxing or entertaining. Comfort is enhanced with A/C wall units in both the living room and primary bedroom, along with multiple heating zones for energy efficiency. The finished lower level, with walk-out, adds 300 sq ft of flexible space for a home office, gym, or media room, plus a dedicated laundry area. Move-in ready and thoughtfully updated, this unit is a wonderful find in a desirable location.

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