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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Coventry at 56 Wright Way, Coventry, RI, 02816 with 5% annual appreciation on a $135,000 basis while $1,130/mo rent supports operations. 21% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 10.04%. Five-year ROI measures 62.26% and total cumulative return in cash totals $27,865. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,130/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1985
N/A lot
$N/A/sqft
$573 monthly HOA
Neighborhood data shown for ZIP Code: 02816, Coventry, RI area.
| 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 |
Residential
13,809
Single Family
11,932
Multi-Family
1,877
Businesses
781
Date | Event | Price |
|---|---|---|
| 2025-04-07 | Price change | $135,000 |
| 2025-03-19 | Listed for sale | $150,000 |
| 2024-01-09 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-15 | $1365.00 | 3.33% | $86,200 | N/A |
| 2023-04-15 | $1321.00 | 26.65% | $86,200 | 61.73% |
| 2022-04-15 | $1043.00 | 0.87% | $53,300 | N/A |
Listed by: Kyle Seyboth • Century 21 The Seyboth Team
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380330
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 2025 State-Wide MLS, Inc. All rights reserved.
