17 North DrPortsmouthRI02871
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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
Investment property for sale in Portsmouth at 17 North Dr, Portsmouth, RI, 02871 offers a 8.56% rental yield on a $229,000 purchase with $1,634/mo rent. Total monthly income registers $1,634/mo, and a $1,121/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,668/yr on $75,914 to close, and return on cash invested stands at 22.11% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 115.05% and total cumulative return in cash at $87,341. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,634/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02871, Portsmouth, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,329 (100%) |
| Owner Occupied HU | 5,674 (68.1%) |
| Renter Occupied HU | 1,526 (18.3%) |
| Vacant Housing Units | 1,129 (13.6%) |
| Median Home Value | $652,796 |
| Average Home Value | $746,528 |
Housing Distribution
Address Breakdown
Residential
7,920
Single Family
7,619
Multi-Family
301
Businesses
575
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Nearby investment properties with comparable prices
Listed by: Ryan Fonseca • Century 21 Topsail Realty
Mls Name: StateWide MLS RI
Mls ID: #1390835