18 Leisure WayCoventryRI02816
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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 18 Leisure Way, Coventry, RI, 02816 uses $59,670 cash to close to unlock $20,076/yr annual cash flow and $1,673/mo monthly cash flow. Total monthly income runs $2,848/mo, and a $881/mo payment keeps the spread at $1,673/mo. Purchase price stands at $180,000, and rental yield measures 18.99% with $2,848/mo rent. Return on cash invested shows 53.55% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 283.71% and total cumulative return in cash records $169,289. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,848/mo property income covering a $881/mo payment rather than investor’s personal income.
Manufactured
Built in 1984
1,197 sqft 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: Dianna Imondi • Equity Consultants
Mls Name: StateWide MLS RI
Mls ID: #1399846