1808 E Ministerial RdWakefieldRI02879
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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 $3,600/mo, and a $6,828/mo payment. Purchase price stands at $1,395,000, and rental yield measures 3.1% with $3,600/mo rent. Return on cash invested shows 5.75% in year one, and 5% annual appreciation builds toward $385,413 over five years. Five-year ROI reaches 27.27% and total cumulative return in cash records $123,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,600/mo property income covering a $6,828/mo payment rather than investor’s personal income.
Single Family
Built in 2001
4.36 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02879, Wakefield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,559 (100%) |
| Owner Occupied HU | 7,283 (58.0%) |
| Renter Occupied HU | 2,390 (19.0%) |
| Vacant Housing Units | 2,886 (23.0%) |
| Median Home Value | $600,474 |
| Average Home Value | $690,834 |
Housing Distribution
Address Breakdown
Residential
10,038
Single Family
9,386
Multi-Family
652
Businesses
739
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Listed by: Shirley Page • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1403707