61-63 Bates AveCoventryRI02816
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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 61-63 Bates Ave, Coventry, RI, 02816 at $399,000 posts ROI 15.44% with from $2,112/mo rent. Total monthly income equals $2,112/mo. Return on cash invested measures 15.44% and rental yield reads 6.35% at the current $399,000. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 by year five. Five-year ROI prints 79.34% and total cumulative return in cash totals $104,942. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,112/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1920
7,840 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
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Listed by: William Darling • BHHS Commonwealth Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1382416
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.