154 Alder RdCharlestownRI02813
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
Rental property for sale in Charlestown at 154 Alder Rd, Charlestown, RI, 02813 priced at $690,000 converts $2,340/mo rent into after a $3,377/mo obligation. Total monthly income equals $2,340/mo. Return on cash invested prints 8.62% in year one, and rental yield reads 4.07% against a $690,000 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation compiles into $190,634 by year five. Five-year ROI reaches 42.72% and total cumulative return in cash sums $96,968. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $3,377/mo payment, not borrower’s personal income.
Single Family
Built in 1954
1.03 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Douglas Kohler • Lila Delman Compass
Mls Name: StateWide MLS RI
Mls ID: #1392098