10 Butternut DrCoventryRI02816
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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
Investment Highlights
Rental property for sale in Coventry at 10 Butternut Dr, Coventry, RI, 02816 priced at $450,000 converts $3,035/mo rent into $97/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,035/mo, and annual cash flow totals $1,164/yr on $149,175 invested. Return on cash invested prints 20.69% in year one, and rental yield reads 8.09% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 107.46% and total cumulative return in cash sums $160,302. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,035/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02816, Coventry, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,809
Single Family
11,932
Multi-Family
1,877
Businesses
781
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Listed by: Nancy Reall • Salzberg Real Estate Agency
Mls Name: StateWide MLS RI
Mls ID: #1401972