745 Merrow Road APT 102, Coventry, CT, 06238 | $89/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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745 Merrow Road APT 102, Coventry, CT, 06238 | $89/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 745 Merrow Road APT 102, Coventry, CT, 06238 uses $76,212 cash to close to unlock $1,070/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,651/mo, and a $1,125/mo payment keeps the spread at $89/mo. Purchase price stands at $229,900, and rental yield measures 8.62% with $1,651/mo rent. Return on cash invested shows 21.31% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 111.23% and total cumulative return in cash records $84,767. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,651/mo property income covering a $1,125/mo payment rather than investor’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 745 Merrow Road #102 in Coventry! This beautifully updated townhouse offers modern comfort and convenience from top to bottom. Step inside to find freshly painted interiors, brand-new luxury vinyl plank flooring, and stylishly updated bathrooms featuring new vanities and fixtures. The main level flows seamlessly from dining to living to a private back deck - perfect for relaxing or entertaining. Upstairs, you'll find a convenient second-floor laundry area with machines included, making everyday living a breeze. The finished lower level provides extra living space complete with a bar, ideal for game nights or movie marathons. With all the updates done, this home is truly move-in ready. Enjoy low-maintenance living in a desirable location close to UConn, Coventry Lake, shops, and restaurants. Don't miss your chance to make this turnkey townhouse yours!