12 Lookout Ln #3PortsmouthRI02871
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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
Total monthly income runs $6,966/mo, and a $8,071/mo payment. Purchase price stands at $1,649,000, and rental yield measures 5.07% with $6,966/mo rent. Return on cash invested shows 11.84% in year one, and 5% annual appreciation builds toward $455,588 over five years. Five-year ROI reaches 59.92% and total cumulative return in cash records $320,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,966/mo property income covering a $8,071/mo payment rather than investor’s personal income.
Condo
Built in 2025
6.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02871, Portsmouth, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,329 (100%) |
| Owner Occupied HU | 5,674 (68.1%) |
| Renter Occupied HU | 1,526 (18.3%) |
| Vacant Housing Units | 1,129 (13.6%) |
| Median Home Value | $652,796 |
| Average Home Value | $746,528 |
Housing Distribution
Address Breakdown
Residential
7,920
Single Family
7,619
Multi-Family
301
Businesses
575
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Listed by: Lucas Barry • Paramount Properties Group
Mls Name: StateWide MLS RI
Mls ID: #1398981