1121 Merrow RoadCoventryCT06238
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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 Coventry at 1121 Merrow Road, Coventry, CT, 06238 generates $2,700/mo in rent, after a $3,083/mo payment. Total monthly income is $2,700/mo. Return on cash invested sits at 10.91% in year one, and rental yield is 5.14% on a $629,900 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,030 over five years. Five-year ROI reaches 55.38% and total cumulative return in cash sums $114,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,700/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
1.66 Acres lot
$N/A/sqft
No HOA
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Listed by: Cheri Trudon • ERA Blanchard & Rossetto
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113190
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