1 Guerney CtNewportRI02840
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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
Investment Highlights
Investment property for sale in Newport at 1 Guerney Ct, Newport, RI, 02840 at $1,000,000 posts ROI 13.18% with from $4,643/mo rent. Total monthly income equals $4,643/mo. Return on cash invested measures 13.18% and rental yield reads 5.57% at the current $1,000,000. Equity gained on principal adds $6,453/yr, and 5% annual appreciation supports $276,282 by year five. Five-year ROI prints 67.19% and total cumulative return in cash totals $221,068. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,643/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02840, Newport, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,501 (100%) |
| Owner Occupied HU | 5,151 (38.2%) |
| Renter Occupied HU | 5,708 (42.3%) |
| Vacant Housing Units | 2,642 (19.6%) |
| Median Home Value | $724,493 |
| Average Home Value | $881,270 |
Housing Distribution
Address Breakdown
Residential
11,991
Single Family
10,501
Multi-Family
1,490
Businesses
1,570
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Listed by: Fitzpatrick Team • RE/MAX Results
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370650
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.