26 Sandra CirCoventryRI02816
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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
Rental property for sale in Coventry at 26 Sandra Cir, Coventry, RI, 02816 priced at $248,700 converts $2,520/mo rent into $294/mo cash flow after a $1,217/mo obligation. Total monthly income equals $2,520/mo, and annual cash flow totals $3,525/yr on $82,444 invested. Return on cash invested prints 24.19% in year one, and rental yield reads 12.16% against a $248,700 entry. Equity gained on principal adds $1,605/yr, while 5% annual appreciation compiles into $68,711 by year five. Five-year ROI reaches 129.39% and total cumulative return in cash sums $106,678. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $1,217/mo payment, not borrower’s personal income.
Manufactured
Built in 1995
N/A lot
$N/A/sqft
$603 monthly 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: Sue Silva • Engel & Volkers
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1367285
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.