1 Tower Dr APT 406PortsmouthRI02871
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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
Rental property for sale in Portsmouth at 1 Tower Dr APT 406, Portsmouth, RI, 02871 generates $2,479/mo in rent, after a $3,549/mo payment. Total monthly income is $2,479/mo. Return on cash invested sits at 8.72% in year one, and rental yield is 4.1% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 43.26% and total cumulative return in cash sums $103,181. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,479/mo property income rather than buyer’s personal income.
Condo
Built in 2008
5.01 Acres 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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Listed by: Tina Wiley • Gustave White Sotheby's Realty
Mls Name: StateWide MLS RI
Mls ID: #1403161