100 Forge RdNorth KingstownRI02852
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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 North Kingstown at 100 Forge Rd, North Kingstown, RI, 02852 priced at $629,900 pairs $3,847/mo rent with after a $3,083/mo payment. Total monthly income equals $3,847/mo. Return on cash invested is 18.53% in year one, and rental yield stands at 7.33% on a $629,900 basis. Equity gained on principal adds $4,065/yr, and 5% annual appreciation accumulates to $174,030 by year five. Five-year ROI measures 95.86% and total cumulative return in cash reaches $198,663. For financing, Ziffy Mortgage’s DSCR program evaluates $3,847/mo property income against a $3,083/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02852, North Kingstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,093 (100%) |
| Owner Occupied HU | 7,548 (68.0%) |
| Renter Occupied HU | 2,765 (24.9%) |
| Vacant Housing Units | 780 ( 7.0%) |
| Median Home Value | $574,339 |
| Average Home Value | $634,649 |
Housing Distribution
Address Breakdown
Residential
10,489
Single Family
9,680
Multi-Family
809
Businesses
1,106
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Listed by: The DiSpirito Team • Engel & Volkers Oceanside
Mls Name: StateWide MLS RI
Mls ID: #1403455