123 Country Hill LnNorth 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
Investment property for sale in North Kingstown at 123 Country Hill Ln, North Kingstown, RI, 02852 uses $241,815 cash to close to unlock $4,331/yr annual cash flow and $361/mo monthly cash flow. Total monthly income runs $5,198/mo, and a $3,597/mo payment keeps the spread at $361/mo. Purchase price stands at $735,000, and rental yield measures 8.49% with $5,198/mo rent. Return on cash invested shows 21.85% in year one, and 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 113.73% and total cumulative return in cash records $275,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,198/mo property income covering a $3,597/mo payment rather than investor’s personal income.
Single Family
Built in 1996
1.00 Acres lot
$N/A/sqft
$475 annually 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: Kristen Jones • Lila Delman Compass
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1366359
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.