10 Laurel RdCharlestownRI02813
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 Charlestown at 10 Laurel Rd, Charlestown, RI, 02813 priced at $425,000 converts $3,060/mo rent into $286/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,060/mo, and annual cash flow totals $3,430/yr on $140,888 invested. Return on cash invested prints 22.34% in year one, and rental yield reads 8.64% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 116.33% and total cumulative return in cash sums $163,901. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,060/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1.23 Acres 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: Kimber Pope Kettlety • Coldwell Banker Coastal Homes
Mls Name: StateWide MLS RI
Mls ID: #1398840