161 Lakeview DriveCoventryCT06238
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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 161 Lakeview Drive, Coventry, CT, 06238 priced at $349,500 converts $2,518/mo rent into $129/mo cash flow after a $1,711/mo obligation. Total monthly income equals $2,518/mo, and annual cash flow totals $1,552/yr on $115,859 invested. Return on cash invested prints 21.25% in year one, and rental yield reads 8.65% against a $349,500 entry. Equity gained on principal adds $2,255/yr, while 5% annual appreciation compiles into $96,560 by year five. Five-year ROI reaches 110.89% and total cumulative return in cash sums $128,473. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,518/mo property income covering a $1,711/mo payment, not borrower’s personal income.
Single Family
Built in 1941
4,791 sqft lot
$N/A/sqft
$163 annually HOA
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Listed by: Jeff Angell • Angell Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24102961
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.