14 Josephine Dr UNIT 8BCharlestownRI02813
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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 Charlestown at 14 Josephine Dr UNIT 8B, Charlestown, RI, 02813 uses $121,225 cash to close to unlock $4,401/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $2,754/mo, and a $1,790/mo payment keeps the spread at $367/mo. Purchase price stands at $365,686, and rental yield measures 9.04% with $2,754/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $101,032 over five years. Five-year ROI reaches 122.74% and total cumulative return in cash records $148,795. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,754/mo property income covering a $1,790/mo payment rather than investor’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02813, Charlestown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,608 (100%) |
| Owner Occupied HU | 3,154 (56.2%) |
| Renter Occupied HU | 534 ( 9.5%) |
| Vacant Housing Units | 1,920 (34.2%) |
| Median Home Value | $534,967 |
| Average Home Value | $675,143 |
Housing Distribution
Address Breakdown
Residential
3,695
Single Family
3,695
Multi-Family
0
Businesses
261
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Listed by: Jamie Vangieri • BHHS New England Properties
Mls Name: StateWide MLS RI
Mls ID: #1393797