19 Vernon AveNewportRI02840
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 Newport at 19 Vernon Ave, Newport, RI, 02840 listed at $825,000 pairs $4,346/mo rent with a $4,038/mo payment. Total monthly income runs $4,346/mo. Return on cash invested measures 15.46% in year one, and rental yield registers 6.32% at a $825,000 basis. Equity gained on principal adds $5,324/yr, and annual property appreciation at 5% supports $227,932 by year five. Five-year ROI tracks 79.42% and total cumulative return in cash totals $215,577. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,346/mo property income relative to a $4,038/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1910
5,880 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Saphire • www.HomeZu.com
Mls Name: StateWide MLS RI
Mls ID: #1403720