15 Saw Mill Dr #108North KingstownRI02852
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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 North Kingstown at 15 Saw Mill Dr #108, North Kingstown, RI, 02852 uses $108,069 cash to close to unlock $1,158/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $2,512/mo, and a $1,596/mo payment keeps the spread at $97/mo. Purchase price stands at $326,000, and rental yield measures 9.25% with $2,512/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $90,068 over five years. Five-year ROI reaches 110.21% and total cumulative return in cash records $119,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,512/mo property income covering a $1,596/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$287 monthly 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: Kimberly Machado • Heritage Realty Group, LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384121
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.