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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% |
Investment property for sale in Coventry at 291 Ledge Rd, Coventry, RI, 02816 listed at $519,900 pairs $4,292/mo rent with a $2,545/mo payment to leave $885/mo cash flow. Total monthly income runs $4,292/mo, and annual cash flow reaches $10,618/yr on $171,047 cash to close. Return on cash invested measures 26.27% in year one, and rental yield registers 9.91% at a $519,900 basis. Equity gained on principal adds $3,355/yr, and annual property appreciation at 5% supports $143,639 by year five. Five-year ROI tracks 137.39% and total cumulative return in cash totals $235,000. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,292/mo property income relative to a $2,545/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
3 Acres 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 |
|---|---|---|
| 2024-08-14 | Price change | $519,900 |
| 2024-08-09 | Price change | $529,900 |
| 2024-07-23 | Price change | $549,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $7745.00 | 38.38% | $505,200 | 76.64% |
| 2022-10-14 | $5597.00 | 77.01% | $286,000 | 75.46% |
| 2021-10-14 | $3162.00 | -24.73% | $163,000 | -13.71% |
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11290810
