17 Austin LnLittle ComptonRI02837
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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 Little Compton at 17 Austin Ln, Little Compton, RI, 02837 earns from $6,756/mo rent with a $7,046/mo payment. Total monthly income totals $6,756/mo. ROI tracks 13.53% on current figures, and rental yield reads 5.63% at a $1,439,500 purchase. Equity gained on principal adds $9,289/yr, and 5% annual appreciation supports $397,707 over five years. Five-year ROI reaches 69.02% and total cumulative return in cash sums $321,901. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,756/mo property income instead of your personal income.
Single Family
Built in 1989
11.38 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02837, Little Compton, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,486 (100%) |
| Owner Occupied HU | 1,414 (56.9%) |
| Renter Occupied HU | 239 ( 9.6%) |
| Vacant Housing Units | 833 (33.5%) |
| Median Home Value | $805,085 |
| Average Home Value | $892,100 |
Housing Distribution
Address Breakdown
Residential
2,205
Single Family
2,205
Multi-Family
0
Businesses
123
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Listed by: Amy Chafee • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1366128
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 2024 State-Wide MLS, Inc. All rights reserved.