373 Broad Way, Coventry, CT, 06238 | $740/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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373 Broad Way, Coventry, CT, 06238 | $740/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Coventry at 373 Broad Way, Coventry, CT, 06238 earns $740/mo cash flow from $4,646/mo rent with a $2,814/mo payment. Total monthly income totals $4,646/mo, and annual cash flow totals $8,874/yr on $189,175 capital. ROI tracks 24.75% on current figures, and rental yield reads 9.7% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 129.58% and total cumulative return in cash sums $245,135. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,646/mo property income instead of your personal income.

Single Family

Built in 1984

1.89 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this spectacular property that was meticulously maintained for decades set back on a quiet back road. There is no shortage of space in this gambrel colonial style home. The heart of the home on the first floor offers an open floor plan that includes the kitchen, dining area/breakfast nook, & family room. Lots of space to entertain and enjoy the company around you while you cook. There is a formal dining room on the other side of the kitchen that leads to the living room with an elegant stone fireplace. The kitchen has been updated with granite counters, neutral tile backsplash, & stainless appliances. It also includes a pantry closet and slider to the huge deck with attached gazebo. The outdoor space is equally inviting and useful for gatherings and to enjoy summertime meals in the privacy of your own backyard. There is a convenient half bath located in the foyer. All 4 bedrooms are upstairs, of which 2 are ensuites with a private full bath. The primary suite feels like your own private retreat with ample room for a dedicated sitting/TV area, remodeled full bath, hallway of closets, and ends with an attached office with the convenience of a laundry closet. This part of the home offers in-law potential. There are 2 other bedrooms and a remodeled full bath in the hallway. The full basement will cover all your storage needs. The flat yard has a fire pit area and a large shed for storing yard tools & equipment. There is plenty of outdoor lawn space for gardening, pets, and playing. A new septic tank (2025), new paved driveway (2024), & repointed chimney (2024) are just a few of the recent updates. The attached 2-car garage is insulated with finished walls for a nice workshop space. The 2 oversized oil tanks (330 gallons each) are great for buying in bulk when oil prices are lower. Make this wonderful property your next home this summer!