19 Leeann DrNarragansettRI02882
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Narragansett at 19 Leeann Dr, Narragansett, RI, 02882 listed at $995,000 pairs $5,638/mo rent with a $4,870/mo payment. Total monthly income runs $5,638/mo. Return on cash invested measures 16.92% in year one, and rental yield registers 6.8% at a $995,000 basis. Equity gained on principal adds $6,421/yr, and annual property appreciation at 5% supports $274,900 by year five. Five-year ROI tracks 87.21% and total cumulative return in cash totals $285,498. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,638/mo property income relative to a $4,870/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02882, Narragansett, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,318 (100%) |
| Owner Occupied HU | 4,266 (45.8%) |
| Renter Occupied HU | 1,731 (18.6%) |
| Vacant Housing Units | 3,321 (35.6%) |
| Median Home Value | $784,869 |
| Average Home Value | $933,584 |
Housing Distribution
Address Breakdown
Residential
7,443
Single Family
7,228
Multi-Family
215
Businesses
466
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maura Sayre • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1394629