40 Leisure WayCoventryRI02816
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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 40 Leisure Way, Coventry, RI, 02816 at $150,000 posts ROI 25.36% with $226/mo cash flow from $1,205/mo rent. Total monthly income equals $1,205/mo, and annual cash flow records $2,712/yr on $49,725 to close. Return on cash invested measures 25.36% and rental yield reads 9.64% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 132.52% and total cumulative return in cash totals $65,898.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,205/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2016
N/A lot
$N/A/sqft
No 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: The Home Team • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1400317