Coventry, RI — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.8%
Below average
Monthly Cash Flow
-$1,494
After all expenses
Price-to-Rent
18.4
Overpriced for rent
DSCR
0.44
Fails
📊 Key Metrics
- Median Home Price
- $491,919
- Average Rent (3BR)
- $2,220/mo
- Price-to-Rent Ratio
- 18.4(high)
- 1% Rule
- 0.45%(fails — need 1%+)
- Cash-on-Cash Return
- -15.8%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 4.5%(+0.2% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +0.1% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
1.4%
of assessed value (RI avg)
Median Income
$74,008
household (RI avg)
Rent-to-Income
36%
Stretched
Section 8 Max Rent
$2,220/mo
3BR voucher payment
🏛️ RI Investor Climate
Landlord Friendly
5/10
State Income Tax
Has state tax
Property Tax
1.4% effective
Population Trend
+0.1% (3yr)