115 Potter 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 115 Potter Rd, North Kingstown, RI, 02852 generates $2,760/mo in rent, after a $2,734/mo payment. Total monthly income is $2,760/mo. Return on cash invested sits at 14.27% in year one, and rental yield is 5.93% on a $558,500 entry. Equity gained on principal adds $3,604/yr, while 5% annual appreciation builds toward $154,303 over five years. Five-year ROI reaches 73.03% and total cumulative return in cash sums $134,198. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.96 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: Doreen Picone • Coastal Properties Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381585
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.