26 Anderson AveCoventryRI02816
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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
Rental property for sale in Coventry at 26 Anderson Ave, Coventry, RI, 02816 generates $3,731/mo in rent and, after a $2,080/mo payment, leaves $957/mo in cash flow. Total monthly income is $3,731/mo, and annual cash flow is $11,482/yr on $140,888 invested. Return on cash invested sits at 28.06% in year one, and rental yield is 10.53% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 146.99% and total cumulative return in cash sums $207,089. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,731/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
6,534 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: Dean deTonnancourt • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1395752