5 Lane FiveCoventryRI02816
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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 5 Lane Five, Coventry, RI, 02816 priced at $127,700 pairs $2,520/mo rent with $1,268/mo cash flow after a $625/mo payment. Total monthly income equals $2,520/mo, and annual cash flow comes to $15,221/yr on $42,333 invested. Return on cash invested is 55.86% in year one, and rental yield stands at 23.68% on a $127,700 basis. Equity gained on principal adds $824/yr, and 5% annual appreciation accumulates to $35,281 by year five. Five-year ROI measures 300.45% and total cumulative return in cash reaches $127,189. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $625/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1962
N/A lot
$N/A/sqft
$418 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: Robin Adams • HERE Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370883
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.