1 2nd StPortsmouthRI02871
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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 Portsmouth at 1 2nd St, Portsmouth, RI, 02871 offers $1,050/mo rent that, after a $759/mo payment, leaves $38/mo cash flow. Total monthly income is $1,050/mo, and annual cash flow is $454/yr on $51,383 cash. Return on cash invested measures 20.79% in year one, and rental yield stands at 8.13% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 108.04% and total cumulative return in cash reaches $55,516. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,050/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02871, Portsmouth, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,329 (100%) |
| Owner Occupied HU | 5,674 (68.1%) |
| Renter Occupied HU | 1,526 (18.3%) |
| Vacant Housing Units | 1,129 (13.6%) |
| Median Home Value | $652,796 |
| Average Home Value | $746,528 |
Housing Distribution
Address Breakdown
Residential
7,920
Single Family
7,619
Multi-Family
301
Businesses
575
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Nearby investment properties with comparable prices
Listed by: Kate Schultz • William Raveis Inspire
Mls Name: StateWide MLS RI
Mls ID: #1398238