17-19 Meikle AveNewportRI02840
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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
Total monthly income runs $3,904/mo, and a $4,038/mo payment. Purchase price stands at $825,000, and rental yield measures 5.68% with $3,904/mo rent. Return on cash invested shows 13.51% in year one, and 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 68.95% and total cumulative return in cash records $187,137. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,904/mo property income covering a $4,038/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02840, Newport, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,501 (100%) |
| Owner Occupied HU | 5,151 (38.2%) |
| Renter Occupied HU | 5,708 (42.3%) |
| Vacant Housing Units | 2,642 (19.6%) |
| Median Home Value | $724,493 |
| Average Home Value | $881,270 |
Housing Distribution
Address Breakdown
Residential
11,991
Single Family
10,501
Multi-Family
1,490
Businesses
1,570
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Listed by: Newport Living Group • Lila Delman Compass
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1398585
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.