1180 Corn Neck RdBlock IslandRI02807
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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 Block Island at 1180 Corn Neck Rd, Block Island, RI, 02807 projects strong ROI of -3.81%. Rental yield 0%. With 5% annual appreciation, the property builds $649,262 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1985
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02807, Block Island, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,845 (100%) |
| Owner Occupied HU | 495 (26.8%) |
| Renter Occupied HU | 161 ( 8.7%) |
| Vacant Housing Units | 1,189 (64.4%) |
| Median Home Value | $1,436,813 |
| Average Home Value | $1,498,606 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
129
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Listed by: Gail HALL • Ballard Hall Sales Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1368108
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 2024 State-Wide MLS, Inc. All rights reserved.