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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 948 N River Rd, Coventry, CT, 06238 offers $2,640/mo rent that, after a $1,957/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 19.21% in year one, and rental yield stands at 7.92% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 99.92% and total cumulative return in cash reaches $132,464. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.99 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Listed for sale | $399,900 |
| 1992-06-19 | Sold | $150,500 |
| 1987-11-13 | Sold | $171,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $4307.00 | 1.89% | $135,700 | N/A |
| 2022-10-15 | $4227.00 | N/A | $135,700 | N/A |
| 2021-10-15 | $4227.00 | -0.07% | $135,700 | N/A |
What's Special
None
Listed by: Darlene Tremblay • Shea & Company Real Estate,LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24052294
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.
