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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% |
Rental property for sale in Coventry at 7 Mountain Laurel Dr, Coventry, RI, 02816 generates $4,625/mo in rent and, after a $3,181/mo payment, leaves $359/mo in cash flow. Total monthly income is $4,625/mo, and annual cash flow is $4,312/yr on $213,850 invested. Return on cash invested sits at 22.08% in year one, and rental yield is 8.54% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 114.93% and total cumulative return in cash sums $245,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,625/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.35 Acres lot
$N/A/sqft
$276 annually 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 |
|---|---|---|
| 2025-07-28 | Sold | $650,000 |
| 2025-06-14 | Pending sale | $599,900 |
| 2025-06-09 | Listed for sale | $599,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $7207.00 | 3.33% | $455,000 | N/A |
| 2023-10-19 | $6975.00 | -6.55% | $455,000 | 19.30% |
| 2022-10-19 | $7464.00 | 0.88% | $381,400 | N/A |
Listed by: Principe Real Estate Group • William Raveis Inspire
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386659
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.
