19 Champlin AveNarragansettRI02879
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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 Narragansett at 19 Champlin Ave, Narragansett, RI, 02879 priced at $900,000 converts $3,030/mo rent into after a $4,405/mo obligation. Total monthly income equals $3,030/mo. Return on cash invested prints 8.53% in year one, and rental yield reads 4.04% against a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation compiles into $248,653 by year five. Five-year ROI reaches 42.23% and total cumulative return in cash sums $125,040. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,030/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Single Family
Built in 1950
3,484 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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