123 Meadow AveSouth KingstownRI02879
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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 South Kingstown at 123 Meadow Ave, South Kingstown, RI, 02879 at $426,000 posts ROI 14.77% with from $2,176/mo rent. Total monthly income equals $2,176/mo. Return on cash invested measures 14.77% and rental yield reads 6.13% at the current $426,000. Equity gained on principal adds $2,749/yr, and 5% annual appreciation supports $117,696 by year five. Five-year ROI prints 75.75% and total cumulative return in cash totals $106,975. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,176/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02879, Wakefield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,559 (100%) |
| Owner Occupied HU | 7,283 (58.0%) |
| Renter Occupied HU | 2,390 (19.0%) |
| Vacant Housing Units | 2,886 (23.0%) |
| Median Home Value | $600,474 |
| Average Home Value | $690,834 |
Housing Distribution
Address Breakdown
Residential
10,038
Single Family
9,386
Multi-Family
652
Businesses
739
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Listed by: Emma Parker • Edge Realty RI
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384383
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 2025 State-Wide MLS, Inc. All rights reserved.