7 Hideaway WayCoventryRI02816
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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
Rental property for sale in Coventry at 7 Hideaway Way, Coventry, RI, 02816 generates $1,449/mo in rent and, after a $1,038/mo payment, leaves $65/mo in cash flow. Total monthly income is $1,449/mo, and annual cash flow is $777/yr on $70,278 invested. Return on cash invested sits at 21.01% in year one, and rental yield is 8.2% on a $212,000 entry. Equity gained on principal adds $1,368/yr, while 5% annual appreciation builds toward $58,572 over five years. Five-year ROI reaches 109.24% and total cumulative return in cash sums $76,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,449/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
4,957 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: Tami Currier • BNR, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1402422