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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 121 Maple St, Coventry, RI, 02816 priced at $339,000 pairs $3,797/mo rent with $1,584/mo cash flow after a $1,659/mo payment. Total monthly income equals $3,797/mo, and annual cash flow comes to $19,012/yr on $112,379 invested. Return on cash invested is 36.83% in year one, and rental yield stands at 13.44% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 194.03% and total cumulative return in cash reaches $218,044. For financing, Ziffy Mortgage’s DSCR program evaluates $3,797/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
0.36 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 |
|---|---|---|
| 2024-10-09 | Listed for sale | $339,000 |
| 2019-08-09 | Sold | $215,000 |
| 2019-05-31 | Listed for sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $4130.00 | -2.20% | $269,400 | 24.84% |
| 2022-10-14 | $4223.00 | 0.86% | $215,800 | N/A |
| 2021-10-14 | $4187.00 | -12.75% | $215,800 | N/A |
Listed by: Brendan Connole • Realty ONE Group Executives
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370301
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 2024 State-Wide MLS, Inc. All rights reserved.
