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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 8 Labrea Way, Coventry, RI, 02816 at $569,000 posts ROI 28.37% with $1,296/mo cash flow from $5,010/mo rent. Total monthly income equals $5,010/mo, and annual cash flow records $15,548/yr on $187,201 to close. Return on cash invested measures 28.37% and rental yield reads 10.57% at the current $569,000. Equity gained on principal adds $3,672/yr, and 5% annual appreciation supports $157,204 by year five. Five-year ROI prints 148.61% and total cumulative return in cash totals $278,195.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,010/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1991
0.32 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-04 | Listed for sale | $569,000 |
| 2024-07-29 | Listing removed | N/A |
| 2024-05-28 | Listed for sale | $614,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $6796.00 | 12.24% | $443,300 | 43.28% |
| 2022-10-14 | $6055.00 | 0.88% | $309,400 | N/A |
| 2021-10-14 | $6002.00 | -12.77% | $309,400 | N/A |
Listed by: The Realpro Group • REALPRO by The Water
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370257
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 2024 State-Wide MLS, Inc. All rights reserved.
