745 Merrow Road APT 194, Coventry, CT, 06238 | $358/mo Cash Flow

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Price: $300K - 500K

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745 Merrow Road APT 194, Coventry, CT, 06238 | $358/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 194, Coventry, CT, 06238 earns $358/mo cash flow from $1,920/mo rent with a $1,125/mo payment. Total monthly income totals $1,920/mo, and annual cash flow totals $4,298/yr on $76,212 capital. ROI tracks 25.55% on current figures, and rental yield reads 10.02% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 133.93% and total cumulative return in cash sums $102,071. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,920/mo property income instead of your personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming Coventry Condo - Comfort, Style & Location! Welcome to your new home in one of Coventry's most desirable condo communities! This beautifully maintained 2-bedroom, 1.5-bath townhouse offers the perfect blend of comfort and convenience. Step inside to a warm and inviting living area with a cozy fireplace(not operable) ideal for relaxing evenings. The bright kitchen and dining space flow seamlessly to a private deck overlooking peaceful woods - your own quiet retreat for morning coffee or sunset views. The finished walk-out basement adds extra living space, perfect for a family room, office, or gym. Enjoy the ease of low-maintenance living in a friendly, well-kept complex located just minutes from UConn, Hartford, and all that Coventry has to offer - including the #1 Farmers Market in the state! Don't miss this opportunity to own a stylish, move-in ready condo in a sought-after location. Come see why so many love to call Coventry home!