12 Hillside DrCharlestownRI02813
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
Investment property for sale in Charlestown at 12 Hillside Dr, Charlestown, RI, 02813 listed at $1,075,000 pairs $3,510/mo rent with a $5,262/mo payment. Total monthly income runs $3,510/mo. Return on cash invested measures 8.28% in year one, and rental yield registers 3.92% at a $1,075,000 basis. Equity gained on principal adds $6,937/yr, and annual property appreciation at 5% supports $297,003 by year five. Five-year ROI tracks 40.87% and total cumulative return in cash totals $142,362. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,510/mo property income relative to a $5,262/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
6.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02813, Charlestown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,608 (100%) |
| Owner Occupied HU | 3,154 (56.2%) |
| Renter Occupied HU | 534 ( 9.5%) |
| Vacant Housing Units | 1,920 (34.2%) |
| Median Home Value | $534,967 |
| Average Home Value | $675,143 |
Housing Distribution
Address Breakdown
Residential
3,695
Single Family
3,695
Multi-Family
0
Businesses
261
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandy Bliven • RE/MAX South County
Mls Name: StateWide MLS RI
Mls ID: #1400842