8 Hendee RoadManchesterCT06040
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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
Investment property for sale in Manchester at 8 Hendee Road, Manchester, CT, 06040 with 5% annual appreciation on a $249,900 basis while $1,718/mo rent supports operations. Total monthly income totals $1,718/mo and a $1,223/mo payment preserves $20/mo for cash returns. Annual cash flow comes to $242/yr on $82,842 deployed, and return on cash invested reaches 20.2% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 8.25%. Five-year ROI measures 105.24% and total cumulative return in cash totals $87,182.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,718/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
10,454 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,428
Single Family
12,785
Multi-Family
2,643
Businesses
1,028
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Listed by: Pam Moriarty • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24114415