1 Tower Dr APT 801PortsmouthRI02871
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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 801, Portsmouth, RI, 02871 priced at $1,149,000 pairs $2,479/mo rent with after a $5,624/mo payment. Total monthly income equals $2,479/mo. Return on cash invested is -1.93% in year one, and rental yield stands at 2.59% on a $1,149,000 basis. Equity gained on principal adds $7,414/yr, and 5% annual appreciation accumulates to $317,448 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $2,479/mo property income against a $5,624/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
$1,896 monthly 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: Dina Karousos/Nicole Lucenti Team • Gustave White Sotheby's Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370304
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.