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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% |
Rental property for sale in Coventry at 745 Merrow Rd APT 142, Coventry, CT, 06238 generates $1,484/mo in rent, after a $1,072/mo payment. Total monthly income is $1,484/mo. Return on cash invested sits at 13.94% in year one, and rental yield is 8.13% on a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 73.77% and total cumulative return in cash sums $53,553. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,484/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$357 monthly HOA
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Pending sale | $219,000 |
| 2025-04-04 | Listed for sale | $219,000 |
| 2023-04-17 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-19 | $2539.00 | N/A | $80,000 | N/A |
| 2023-04-19 | $2539.00 | 1.89% | $80,000 | N/A |
| 2022-04-19 | $2492.00 | N/A | $80,000 | N/A |
What's Special
Access Via Hatch
Listed by: Zoe Cramer • Broder Commercial, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085725
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.
