105 Hornet RdNorth KingstownRI02852
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 North Kingstown at 105 Hornet Rd, North Kingstown, RI, 02852 priced at $560,000 converts $2,760/mo rent into after a $2,741/mo obligation. Total monthly income equals $2,760/mo. Return on cash invested prints 14.23% in year one, and rental yield reads 5.91% against a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation compiles into $154,718 by year five. Five-year ROI reaches 72.8% and total cumulative return in cash sums $134,129. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $2,741/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.27 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharon Ruhle • BHHS Pinnacle Realty
Mls Name: StateWide MLS RI
Mls ID: #1402712