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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in North Kingstown at 17 Caddy Rock Rd APT D, North Kingstown, RI, 02852 offers $2,760/mo rent that, after a $1,908/mo payment, leaves $215/mo cash flow. Total monthly income is $2,760/mo, and annual cash flow is $2,582/yr on $129,252 cash. Return on cash invested measures 21.91% in year one, and rental yield stands at 8.49% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 114.03% and total cumulative return in cash reaches $147,385. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02852, North Kingstown, RI area.
| 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 |
Residential
10,489
Single Family
9,680
Multi-Family
809
Businesses
1,106
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jim Kacewicz • RE/MAX 1st Choice
Mls Name: StateWide MLS RI
Mls ID: #1394287
