40 Lear DrCoventryRI02816
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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 40 Lear Dr, Coventry, RI, 02816 priced at $209,900 converts $1,447/mo rent into after a $1,027/mo obligation. Total monthly income equals $1,447/mo. Return on cash invested prints 10.63% in year one, and rental yield reads 8.27% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 57.44% and total cumulative return in cash sums $39,968. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,447/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Manufactured
Built in 1989
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: Kiersten Luis • Century 21 Premier Agency
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1375013
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.