58 Wright WayCoventryRI02816
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.70, 58 Wright Way, Coventry, RI, 02816 in Coventry sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.18%. The 9.18% yield is backed by 5% annual appreciation projecting $33,154 in value gain, plus $1,105/yr in principal reduction. Total projected cumulative return: $54,309.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $(505) | $1,250 |
City averages based on Coventry market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $918 |
| Total Monthly Debt Service | $736 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1985
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
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
Manufactured
Built in 1985
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: StateWide MLS RI
Mls ID: #1402598