15 Airport RdCoventryRI02816
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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 15 Airport Rd, Coventry, RI, 02816 priced at $399,933 converts $3,566/mo rent into $956/mo cash flow after a $1,957/mo obligation. Total monthly income equals $3,566/mo, and annual cash flow totals $11,469/yr on $132,578 invested. Return on cash invested prints 28.56% in year one, and rental yield reads 10.7% against a $399,933 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,494 by year five. Five-year ROI reaches 149.68% and total cumulative return in cash sums $198,439. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,566/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1945
2.50 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: Jeane Retelle • Century 21 Guardian Realty
Mls Name: StateWide MLS RI
Mls ID: #1402037