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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 10 Lane #7, Coventry, RI, 02816 generates $1,077/mo in rent, after a $661/mo payment. Total monthly income is $1,077/mo. Return on cash invested sits at 13.94% in year one, and rental yield is 9.57% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 75.43% and total cumulative return in cash sums $33,757. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,077/mo property income rather than buyer’s personal income.
Manufactured
Built in 1971
N/A lot
$N/A/sqft
$418 monthly 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 |
|---|---|---|
| 2025-06-25 | Price change | $135,000 |
| 2025-05-01 | Listed for sale | $139,900 |
| 2000-06-30 | Sold | $17,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-15 | $1288.00 | 3.37% | $81,300 | N/A |
| 2023-07-15 | $1246.00 | 60.36% | $81,300 | 104.79% |
| 2022-07-15 | $777.00 | 0.91% | $39,700 | N/A |
Listed by: Noonan / Lombardi Team • Noonan/Lombardi, REALTORS
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1388622
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.
