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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 65 Lear Dr, Coventry, RI, 02816 listed at $245,000 pairs $1,662/mo rent with a $1,199/mo payment. Total monthly income runs $1,662/mo. Return on cash invested measures 11.38% in year one, and rental yield registers 8.14% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 60.98% and total cumulative return in cash totals $49,524. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,662/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1990
N/A lot
$N/A/sqft
$640 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 |
|---|---|---|
| 2025-02-04 | Listed for sale | $245,000 |
| 1998-05-14 | Sold | $75,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-19 | $2762.00 | 3.29% | $174,400 | N/A |
| 2023-02-19 | $2674.00 | -1.26% | $174,400 | 26.01% |
| 2022-02-19 | $2708.00 | 0.86% | $138,400 | N/A |
Listed by: Jamie Rebello • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1377432
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.
