132 King Phillip DrNorth KingstownRI02852
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 132 King Phillip Dr, North Kingstown, RI, 02852 at $390,000 posts ROI 30.47% with $1,138/mo cash flow from $3,684/mo rent. Total monthly income equals $3,684/mo, and annual cash flow records $13,656/yr on $129,285 to close. Return on cash invested measures 30.47% and rental yield reads 11.34% at the current $390,000. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 by year five. Five-year ROI prints 159.91% and total cumulative return in cash totals $206,744.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,684/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1942
6,969 sqft lot
$N/A/sqft
No 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: Omar Valerio • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1394970