10 Lear 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
Investment property for sale in Coventry at 10 Lear Dr, Coventry, RI, 02816 earns $207/mo cash flow from $1,414/mo rent with a $905/mo payment. Total monthly income totals $1,414/mo, and annual cash flow totals $2,484/yr on $61,294 capital. ROI tracks 23.96% on current figures, and rental yield reads 9.18% at a $184,900 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 over five years. Five-year ROI reaches 125.01% and total cumulative return in cash sums $76,627. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,414/mo property income instead of your personal income.
Manufactured
Built in 1986
N/A 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: Spectrum Real Estate Consultants Team • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls ID: #1402144