89 Wright WayCoventryRI02816
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 89 Wright Way, Coventry, RI, 02816 with 5% annual appreciation on a $150,000 basis while $1,190/mo rent supports operations. Total monthly income totals $1,190/mo and a $734/mo payment preserves $211/mo for cash returns. Annual cash flow comes to $2,532/yr on $49,725 deployed, and return on cash invested reaches 25% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.52%. Five-year ROI measures 130.59% and total cumulative return in cash totals $64,938.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,190/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1985
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Johnson • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1399305