1261 Plainfield PikeCoventryRI02827
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Coventry rentals match the income profile of 1261 Plainfield Pike, Coventry, RI, 02827. Listed at $299,900, gross rent is $3,434/mo and net cash flow is $1,461/mo, a 13.74% yield well above national averages. DSCR 2.55 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $82,857 by year five with $2,762/yr in annual principal reduction, projecting $208,219 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 6.2% |
| Monthly Cash Flow | $1,461 | $1,250 |
City averages based on Coventry market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,434 |
| Total Monthly Debt Service | $1,854 |
| DSCR Ratio | 1.85x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1760
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02827, Greene, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 953 (100%) |
| Owner Occupied HU | 853 (89.5%) |
| Renter Occupied HU | 65 ( 6.8%) |
| Vacant Housing Units | 35 ( 3.7%) |
| Median Home Value | $461,478 |
| Average Home Value | $502,192 |
Housing Distribution
Address Breakdown
Residential
852
Single Family
852
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1760
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02827, Greene, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 953 (100%) |
| Owner Occupied HU | 853 (89.5%) |
| Renter Occupied HU | 65 ( 6.8%) |
| Vacant Housing Units | 35 ( 3.7%) |
| Median Home Value | $461,478 |
| Average Home Value | $502,192 |
Housing Distribution
Address Breakdown
Residential
852
Single Family
852
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices