115 Heritage Rd, North Kingstown, RI, 02852 | $950/mo Cash Flow

For Sale

Listed for sale 5 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Kingstown at 115 Heritage Rd, North Kingstown, RI, 02852 offers a 10.52% rental yield on a $424,900 purchase with $3,724/mo rent. Total monthly income registers $3,724/mo, and a $2,080/mo payment leaves $950/mo available for distribution. Annual cash flow reaches $11,400/yr on $140,854 to close, and return on cash invested stands at 28% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,392 over five years. Portfolio math shows five-year ROI at 146.67% and total cumulative return in cash at $206,589. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,724/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

0.30 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