125 Homestead AvePortsmouthRI02872
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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 Portsmouth at 125 Homestead Ave, Portsmouth, RI, 02872 offers a 0% rental yield on a $594,000 purchase with $0/mo rent. 75% in year one. Equity gained on principal adds $3,833/yr while 5% annual appreciation supports $164,111 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $2,907/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02872, Prudence Island, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 453 (100%) |
| Owner Occupied HU | 96 (21.2%) |
| Renter Occupied HU | 19 ( 4.2%) |
| Vacant Housing Units | 338 (74.6%) |
| Median Home Value | $437,838 |
| Average Home Value | $415,052 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
0
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No similar rental properties found nearby.
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Listed by: Jennifer Gempp • JH Realty Group
Mls Name: StateWide MLS RI
Mls ID: #1384008