21 Lear DrCoventryRI02816
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
Investment Highlights
Investment property for sale in Coventry at 21 Lear Dr, Coventry, RI, 02816 uses $46,410 cash to close to unlock $2,296/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,105/mo, and a $685/mo payment keeps the spread at $191/mo. Purchase price stands at $140,000, and rental yield measures 9.47% with $1,105/mo rent. Return on cash invested shows 24.86% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 129.9% and total cumulative return in cash records $60,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,105/mo property income covering a $685/mo payment rather than investor’s personal income.
Manufactured
Built in 1987
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Seyboth • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1398037