53 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
Investment property for sale in Coventry at 53 Lear Dr, Coventry, RI, 02816 offers a 9.35% rental yield on a $175,000 purchase with $1,364/mo rent. Total monthly income registers $1,364/mo, and a $857/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,654/yr on $58,013 to close, and return on cash invested stands at 24.48% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 127.89% and total cumulative return in cash at $74,191. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,364/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
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: Sandy Deignan • SD Realty Associates
Mls Name: StateWide MLS RI
Mls ID: #1403080