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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% |
Investment property for sale in Coventry at 21 Lane #A, Coventry, RI, 02816 offers a 18.36% rental yield on a $149,900 purchase with $2,294/mo rent. Total monthly income registers $2,294/mo, and a $734/mo payment leaves $868/mo available for distribution. Annual cash flow reaches $10,418/yr on $49,692 to close, and return on cash invested stands at 40.87% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 219.68% and total cumulative return in cash at $109,163. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,294/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1978
N/A lot
$N/A/sqft
$447 monthly 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 |
|---|---|---|
| 2024-09-29 | Price change | $149,900 |
| 2024-08-30 | Price change | $159,900 |
| 2024-08-21 | Listed for sale | $167,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1453.00 | 21.69% | $94,800 | 55.41% |
| 2022-10-14 | $1194.00 | 0.93% | $61,000 | N/A |
| 2021-10-14 | $1183.00 | -12.82% | $61,000 | N/A |
Listed by: Donna Lima - Johnson • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1366746
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.
