34 Airport RdCoventryRI02816
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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
Investment property for sale in Coventry at 34 Airport Rd, Coventry, RI, 02816 at $149,900 posts ROI 37.44% with $726/mo cash flow from $2,320/mo rent. Total monthly income equals $2,320/mo, and annual cash flow records $8,714/yr on $49,692 to close. Return on cash invested measures 37.44% and rental yield reads 18.57% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 202.77% and total cumulative return in cash totals $100,763.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1965
N/A lot
$N/A/sqft
$615 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: Maura Smith • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1368124
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.