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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 30 Hebert St, Coventry, RI, 02816 priced at $416,000 converts $3,119/mo rent into $404/mo cash flow after a $2,036/mo obligation. Total monthly income equals $3,119/mo, and annual cash flow totals $4,842/yr on $137,904 invested. Return on cash invested prints 23.42% in year one, and rental yield reads 9% against a $416,000 entry. Equity gained on principal adds $2,684/yr, while 5% annual appreciation compiles into $114,933 by year five. Five-year ROI reaches 122.12% and total cumulative return in cash sums $168,407. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,119/mo property income covering a $2,036/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,227 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 |
|---|---|---|
| 2025-06-23 | Sold | $416,000 |
| 2025-05-29 | Pending sale | $399,900 |
| 2025-05-13 | Contingent | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $4003.00 | 3.33% | $252,700 | N/A |
| 2023-10-16 | $3874.00 | 0.60% | $252,700 | 28.40% |
| 2022-10-16 | $3851.00 | 0.86% | $196,800 | N/A |
Listed by: Caitlin Clement • Coast to Country Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384113
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 2025 State-Wide MLS, Inc. All rights reserved.
