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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Coventry at 284 Kings Rd, Coventry, CT, 06238 offers a 11.04% rental yield on a $299,900 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,468/mo payment leaves $722/mo available for distribution. Annual cash flow reaches $8,666/yr on $99,417 to close, and return on cash invested stands at 28.63% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 150.43% and total cumulative return in cash at $149,548. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
2.29 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-03-29 | Listed for sale | $299,900 |
| 2022-04-29 | Sold | $225,000 |
| 2022-03-28 | Contingent | $219,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-31 | $3428.00 | N/A | $108,000 | N/A |
| 2023-03-31 | $3428.00 | 1.90% | $108,000 | N/A |
| 2022-03-31 | $3364.00 | N/A | $108,000 | N/A |
What's Special
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Listed by: Tony J. Martin • Home Pro Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083166
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