Pine Ln, Coventry, RI, 02816 | 4.32% Rental Yield

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Pine Ln, Coventry, RI, 02816 | 4.32% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Coventry at Pine Ln, Coventry, RI, 02816 offers a 4.32% rental yield on a $699,900 purchase with $2,520/mo rent. 38% in year one. Equity gained on principal adds $4,516/yr while 5% annual appreciation supports $193,369 over five years. Portfolio math shows five-year ROI at 46.8% and total cumulative return in cash at $107,756. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,520/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

An exceptionally rare opportunity to own a waterfront retreat with room to grow on coveted Johnson Pond! This legal 2-family property offers exceptional flexibilityuse it as-is, or reimagine it as a single-family home with space for a guest house, ADU, or in-law suite. Perfectly positioned on a double lot with sweeping water views, this restored and updated home is ideal for multi-generational living, guests, or added income potential. The main residence features 4 bedrooms, 2 full baths, laundry, and an open-concept layout with sliding doors leading to a spacious deck overlooking the water. The lower-level suite offers 1 bedroom, 1 bath, and walk-out access to the lawn, private dock, and year-round recreation. A large patio, cabana with its own deck, and generous parking provide endless options for expansion, entertaining, or creating an additional living space. Set just steps from the states most scenic 20-mile bike path connecting Coventry to Cranston, this property combines waterfront living, versatility, and future potential rarely found in Rhode Island.

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