745 Merrow Road APT 159CoventryCT06238
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 745 Merrow Road APT 159, Coventry, CT, 06238 in Coventry. Priced at $245,000, it generates $2,748/mo in gross rent and $726/mo in net monthly cash flow, a 13.46% yield that comfortably supports the 2.49 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,716. Five-year appreciation: $67,689. Equity from principal paydown: $2,256/yr. Total projected cumulative return: $141,844.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 5.0% |
| Monthly Cash Flow | $726 | $300 |
City averages based on Coventry market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,748 |
| Total Monthly Debt Service | $1,924 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
N/A lot
$N/A/sqft
$357 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1987
N/A lot
$N/A/sqft
$357 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheri Trudon • ERA Blanchard & Rossetto
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093364
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.