51 Knotty Oak ShrsCoventryRI02816
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 51 Knotty Oak Shrs, Coventry, RI, 02816 offers $1,340/mo rent that, after a $832/mo payment, leaves $230/mo cash flow. Total monthly income is $1,340/mo, and annual cash flow is $2,764/yr on $56,355 cash. Return on cash invested measures 24.81% in year one, and rental yield stands at 9.46% at a $169,999 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 129.65% and total cumulative return in cash reaches $73,065. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,340/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,534 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Riley White • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls ID: #1399664