188 Delano DrNorth KingstownRI02852
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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 North Kingstown at 188 Delano Dr, North Kingstown, RI, 02852 offers $2,760/mo rent that, after a $5,820/mo payment. Total monthly income is $2,760/mo. Return on cash invested measures 4.79% in year one, and rental yield stands at 2.79% at a $1,189,000 entry. Equity gained on principal adds $7,672/yr while 5% annual appreciation compounds into $328,499 by year five. Five-year ROI records 22.11% and total cumulative return in cash reaches $85,190. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $5,820/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02852, North Kingstown, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,489
Single Family
9,680
Multi-Family
809
Businesses
1,106
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Listed by: Mark Ryan • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1401539