19-21 Princeton StNewportRI02840
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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
Investment property for sale in Newport at 19-21 Princeton St, Newport, RI, 02840 listed at $625,000 pairs $4,214/mo rent with a $3,059/mo payment to leave $134/mo cash flow. Total monthly income runs $4,214/mo, and annual cash flow reaches $1,610/yr on $205,625 cash to close. Return on cash invested measures 20.84% in year one, and rental yield registers 8.09% at a $625,000 basis. Equity gained on principal adds $4,033/yr, and annual property appreciation at 5% supports $172,676 by year five. Five-year ROI tracks 108.28% and total cumulative return in cash totals $222,649. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,214/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1920
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02840, Newport, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,501 (100%) |
| Owner Occupied HU | 5,151 (38.2%) |
| Renter Occupied HU | 5,708 (42.3%) |
| Vacant Housing Units | 2,642 (19.6%) |
| Median Home Value | $724,493 |
| Average Home Value | $881,270 |
Housing Distribution
Address Breakdown
Residential
11,991
Single Family
10,501
Multi-Family
1,490
Businesses
1,570
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Listed by: Michelle Blake • RE/MAX Profnl. Newport, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1400941