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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 0 Poor Farm Rd LOT 70, Coventry, RI, 02816 offers $4,861/mo rent that, after a $4,136/mo payment. Total monthly income is $4,861/mo. Return on cash invested measures 17.23% in year one, and rental yield stands at 6.9% at a $845,000 entry. Equity gained on principal adds $5,453/yr while 5% annual appreciation compounds into $233,458 by year five. Five-year ROI records 88.89% and total cumulative return in cash reaches $247,128. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,861/mo property income versus a $4,136/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02816, Coventry, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,263 (100%) |
| Owner Occupied HU | 10,866 (76.2%) |
| Renter Occupied HU | 2,751 (19.3%) |
| Vacant Housing Units | 646 ( 4.5%) |
| Median Home Value | $386,005 |
| Average Home Value | $401,695 |
Residential
13,809
Single Family
11,932
Multi-Family
1,877
Businesses
781
Date | Event | Price |
|---|---|---|
| 2024-01-18 | Price change | $845,000 |
| 2023-01-11 | Listed for sale | $798,000 |
| 2022-12-29 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: The DiSpirito Team • Engel & Volkers
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1350667
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. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
