471 Goose Lane, Coventry, CT, 06238 | $500/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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471 Goose Lane, Coventry, CT, 06238 | $500/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

Rental property for sale in Coventry at 471 Goose Lane, Coventry, CT, 06238 priced at $315,000 pairs $2,640/mo rent with $500/mo cash flow after a $1,542/mo payment. Total monthly income equals $2,640/mo, and annual cash flow comes to $5,994/yr on $104,423 invested. Return on cash invested is 25.65% in year one, and rental yield stands at 10.06% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 134.42% and total cumulative return in cash reaches $140,369. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1960

1.04 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully maintained and energy-efficient, this move-in-ready home shines with fresh paint throughout and newly refinished hardwood floors. Major updates-including the siding, large windows, roof, boiler, shed, and well pump-were completed approximately 12 years ago and remain in excellent condition. Enjoy exceptional privacy with no neighbors on three sides, while being conveniently located next to the Skungamaug River Golf Club. The quiet, walkable neighborhood offers a friendly community feel with easy access to I-84. Cassidy Hill Vineyard and Laidlaw Park are both within walking distance. The partially finished walk-out basement (approximately 387 sq ft across two rooms) offers versatile space for a family room, office, or hobby area, plus an 1811 workshop with two large workbenches. All appliances are included. Set on a generous one-acre, mostly flat lot, the property features ample parking and a charming bridge over a small stream behind the home. The front stone wall, retaining wall, and basement steps have all been professionally rebuilt. A perfect combination of comfort, privacy, and location-ready for you to move right in!