15 Caddy Rock Rd APT A, North Kingstown, RI, 02852 | $214/mo Cash Flow

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15 Caddy Rock Rd APT A, North Kingstown, RI, 02852 | $214/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Kingstown at 15 Caddy Rock Rd APT A, North Kingstown, RI, 02852 uses $129,285 cash to close to unlock $2,568/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,909/mo payment keeps the spread at $214/mo. Purchase price stands at $390,000, and rental yield measures 8.49% with $2,760/mo rent. Return on cash invested shows 21.9% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 113.93% and total cumulative return in cash records $147,296. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,909/mo payment rather than investor’s personal income.

Townhouse

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 15A Caddy Rock! This 2 bedroom, 3 bathroom condo is located just minutes from beautiful historic Wickford, shopping, and the train station. Located on Kings Crossing golf course, youll have access to a 9-hole golf course, clubhouse, and new pickleball courts. Before walking into the indoor space, this condo has a large, private patio, surrounded with mature plantings and is framed with a beautiful pergola. Once inside, youll find a large living room with an electric fireplace, a dining area, kitchen and bathroom, with an abundance of storage space. Upstairs there are 2 bedrooms, both with loads of natural light. The master has a private bath, balcony, and walk-in closet and the second bedroom has two generous closets, as well. A second full size bathroom is also located on the second floor. A washer and dryer, plenty of storage space and a small workshop can be found in the basement. This unit has two designated parking spots and there is ample guest parking, too. With 1368 sq feet of living space and almost 400 sq feet of below grade storage, workshop and laundry, youll have plenty of space to enjoy. Central air, a gas heat/water unit, a reasonable HOA rate, and all of the outdoor activity that is available, makes Caddy Rocks location and amenities your next great home.

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