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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% |
Rental property for sale in Coventry at 24 Cindy Ln, Coventry, RI, 02816 generates $2,950/mo in rent and, after a $1,860/mo payment, leaves $469/mo in cash flow. Total monthly income is $2,950/mo, and annual cash flow is $5,632/yr on $125,970 invested. Return on cash invested sits at 24.38% in year one, and rental yield is 9.32% on a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 127.28% and total cumulative return in cash sums $160,333. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,950/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Robert Ciaramello • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1395229
