18 Randall LnPortsmouthRI02871
Nearby investment properties with comparable rents
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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
Rental property for sale in Portsmouth at 18 Randall Ln, Portsmouth, RI, 02871 offers $3,840/mo rent that, after a $2,936/mo payment. Total monthly income is $3,840/mo. Return on cash invested measures 19.6% in year one, and rental yield stands at 7.68% at a $599,900 entry. Equity gained on principal adds $3,871/yr while 5% annual appreciation compounds into $165,741 by year five. Five-year ROI records 101.61% and total cumulative return in cash reaches $200,536. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $2,936/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
10,018 sqft 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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Listed by: Chris St. Peter • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1402555