10 Josephine Dr #2DCharlestownRI02813
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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 Charlestown at 10 Josephine Dr #2D, Charlestown, RI, 02813 offers $2,654/mo rent that, after a $1,868/mo payment, leaves $163/mo cash flow. Total monthly income is $2,654/mo, and annual cash flow is $1,950/yr on $126,538 cash. Return on cash invested measures 21.45% in year one, and rental yield stands at 8.34% at a $381,714 entry. Equity gained on principal adds $2,463/yr while 5% annual appreciation compounds into $105,461 by year five. Five-year ROI records 111.57% and total cumulative return in cash reaches $141,179. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,654/mo property income versus a $1,868/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02813, Charlestown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,608 (100%) |
| Owner Occupied HU | 3,154 (56.2%) |
| Renter Occupied HU | 534 ( 9.5%) |
| Vacant Housing Units | 1,920 (34.2%) |
| Median Home Value | $534,967 |
| Average Home Value | $675,143 |
Housing Distribution
Address Breakdown
Residential
3,695
Single Family
3,695
Multi-Family
0
Businesses
261
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Listed by: Jamie Vangieri • BHHS New England Properties
Mls Name: StateWide MLS RI
Mls ID: #1402378