0 Walling RdHarrisvilleRI02830
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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
Rental property for sale in Harrisville at 0 Walling Rd, Harrisville, RI, 02830 offers $2,225/mo rent that, after a $489/mo payment, leaves $1,573/mo cash flow. Total monthly income is $2,225/mo, and annual cash flow is $18,872/yr on $33,150 cash. Return on cash invested measures 76.84% in year one, and rental yield stands at 26.7% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 408.59% and total cumulative return in cash reaches $135,448. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,225/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
1.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02830, Harrisville, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,785 (100%) |
| Owner Occupied HU | 2,052 (73.7%) |
| Renter Occupied HU | 598 (21.5%) |
| Vacant Housing Units | 135 ( 4.8%) |
| Median Home Value | $458,240 |
| Average Home Value | $483,901 |
Housing Distribution
Address Breakdown
Residential
2,658
Single Family
2,591
Multi-Family
67
Businesses
118
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Listed by: Taylor Bettencourt • Keller Williams Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1368663
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.