How does Coventry's population growth impact multi-family investments?

Coventry's population is growing at 0.4% yearly, reaching 36,239 by 2025, which sustains renter demand at 20% occupancy. This trend, per Census data, favors steady cash flows and appreciation of 4%. Proximity to Providence adds workforce inflow.

What are key demographics for Coventry real estate investors?

Coventry has 36,081 residents with a median age of 44 and household income of $99,177, above state averages. Predominantly White (91%) with low poverty at 5.7%, it attracts stable renters for multi-family units. Density of 605 per square mile supports urban-style investments.

Is Coventry RI a good location for multi-family cash flow?

Yes, average cash flow for multi-family reaches $18,500 annually due to solid rents and low vacancies around 4%. Economic stability from nearby employment hubs enhances returns. Investors see 8.2% avg ROI amid 4% appreciation.

Multi Family Investment Properties for Sale in Coventry, RI

Property at 27 Matteson St, Coventry, RI

4 Bed
2 Bath
1796 sft

27 Matteson St, Coventry, RI, 02816

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Why Invest in Coventry, Rhode Island?

Coventry, RI offers strong potential for multi-family investments with steady population growth and high median incomes supporting rental demand. The town's renter-occupied housing stands at around 20%, bolstered by a median household income of $99,177. Average rents near $1,800 provide solid rental yields of 6-7%, while cap rates hover at 6.5%. Annual appreciation of 4% and positive cash flows make it attractive for long-term holds. Proximity to Providence enhances workforce stability for multi-family properties.

8.2%

Avg. ROI

6.8%

Rental Yield

6.5%

Cap Rate

$18500/mo

Avg. Cash Flow

$1800/mo

Avg. Rent

1Y Appreciation

Frequently Asked Questions

Average rental yields for multi-family properties in Coventry range from 6-7%, driven by median rents around $1,800 and stable cap rates of 6.5%. High median incomes of $99,177 support tenant reliability. Population growth of 0.4% annually bolsters demand.

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Frequently Asked Questions

What is the rental yield for multi-family in Coventry, RI?

How does Coventry's population growth impact multi-family investments?

What are key demographics for Coventry real estate investors?

Is Coventry RI a good location for multi-family cash flow?

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