5 Lane #BCoventryRI02816
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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 5 Lane #B, Coventry, RI, 02816 uses $41,404 cash to close to unlock $1,872/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $971/mo, and a $611/mo payment keeps the spread at $156/mo. Purchase price stands at $124,900, and rental yield measures 9.33% with $971/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 127.52% and total cumulative return in cash records $52,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $971/mo property income covering a $611/mo payment rather than investor’s personal income.
Manufactured
Built in 1975
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: Corey Rodrigues • Cynthia Cabana Realty, Inc
Mls Name: StateWide MLS RI
Mls ID: #1398220