92 Columbus StreetManchesterCT06042
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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 92 Columbus Street, Manchester, CT, 06042 uses $107,738 cash to close to unlock $6,049/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $2,832/mo, and a $1,591/mo payment keeps the spread at $504/mo. Purchase price stands at $325,000, and rental yield measures 10.46% with $2,832/mo rent. Return on cash invested shows 25.52% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 134.27% and total cumulative return in cash records $144,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,832/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.28 Acres lot
$N/A/sqft
No HOA
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Listed by: DJ J. Dube • RE/MAX Right Choice
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092539
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