109 Chadsey 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
Investment property for sale in North Kingstown at 109 Chadsey Rd, North Kingstown, RI, 02852 offers a 11.21% rental yield on a $409,900 purchase with $3,828/mo rent. Total monthly income registers $3,828/mo, and a $2,006/mo payment leaves $1,153/mo available for distribution. Annual cash flow reaches $13,830/yr on $135,882 to close, and return on cash invested stands at 30.09% in year one. Equity gained on principal adds $2,645/yr while 5% annual appreciation supports $113,248 over five years. Portfolio math shows five-year ROI at 157.88% and total cumulative return in cash at $214,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,828/mo property income against a $2,006/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.31 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: Michael Zompa • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1398218