24 Cassidy Trl, Coventry, RI, 02816 | 3.5% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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24 Cassidy Trl, Coventry, RI, 02816 | 3.5% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Coventry at 24 Cassidy Trl, Coventry, RI, 02816 offers $2,520/mo rent that, after a $4,230/mo payment. Total monthly income is $2,520/mo. Return on cash invested measures 6.89% in year one, and rental yield stands at 3.5% at a $864,150 entry. Equity gained on principal adds $5,576/yr while 5% annual appreciation compounds into $238,749 by year five. Five-year ROI records 33.42% and total cumulative return in cash reaches $95,004. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,520/mo property income versus a $4,230/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

1.01 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to The Oaks at Hope Furnace, Coventrys newest neighborhood surrounded by more than 45 acres of open space. This final Magnolia model is newly finished and completely move-in ready, featuring numerous upgrades including coffered ceilings, irrigation, and recessed lighting. The Magnolia offers a spacious 4-bedroom layout with a first-floor office and an open main level enhanced by detailed crown moldings and hardwoods throughout. The living room is highlighted by a coffered ceiling and gas fireplace and flows into a formal dining room. Off the kitchen, the breakfast area opens through a slider to a 1216 Trex deck, perfect for entertaining. Upstairs, the primary suite features an accent wall, recessed lighting, a tiled shower, double vanity, and walk-in closet. Three additional bedrooms, a full bath, second-floor laundry, and a large bonus room complete the upper level. Set on acre-plus homesites with quality finishes and a warm neighborhood feel, this is your opportunity to own the last Magnolia model in this beautiful new community.

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