1 3rd StBarringtonRI02806
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
Rental property for sale in Barrington at 1 3rd St, Barrington, RI, 02806 offers $5,003/mo rent that, after a $2,936/mo payment, leaves $1,087/mo cash flow. Total monthly income is $5,003/mo, and annual cash flow is $13,046/yr on $197,367 cash. Return on cash invested measures 26.67% in year one, and rental yield stands at 10.01% at a $599,900 entry. Equity gained on principal adds $3,871/yr while 5% annual appreciation compounds into $165,741 by year five. Five-year ROI records 139.53% and total cumulative return in cash reaches $275,380. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,003/mo property income versus a $2,936/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
8,224 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02806, Barrington, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,365 (100%) |
| Owner Occupied HU | 5,332 (83.8%) |
| Renter Occupied HU | 714 (11.2%) |
| Vacant Housing Units | 319 ( 5.0%) |
| Median Home Value | $639,942 |
| Average Home Value | $754,675 |
Housing Distribution
Address Breakdown
Residential
6,553
Single Family
6,462
Multi-Family
91
Businesses
440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Viveiros • Milestone Realty, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1398489