1202 W Side 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 1202 W Side Rd, Block Island, RI, 02807 offers a 2.2% rental yield on a $1,895,000 purchase with $3,470/mo rent. 97% in year one. Equity gained on principal adds $12,228/yr while 5% annual appreciation supports $523,554 over five years. Portfolio math shows five-year ROI at 12.38% and total cumulative return in cash at $76,037. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,470/mo property income against a $9,275/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.28 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
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Listed by: Mary E STOVER • Beach Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1402921