19 W Spruce St, Charlestown, RI, 02813 | 3.92% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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19 W Spruce St, Charlestown, RI, 02813 | 3.92% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Charlestown at 19 W Spruce St, Charlestown, RI, 02813 with 5% annual appreciation on a $799,900 basis while $2,616/mo rent supports operations. 18% in year one. Equity gained on principal adds $5,162/yr, and five-year appreciation sums $220,998 alongside rental yield of 3.92%. Five-year ROI measures 40.36% and total cumulative return in cash totals $106,212. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,616/mo property income versus a $3,915/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1960

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

This house was constructed for his own personal residence by the renowned Charlie Link, builder /town building inspector/Charlestown native. Located in the enviable Fort Neck neighborhood this 3 bedroom 1 bath ranch offers the perfect blend of comfort and one floor living in this beautiful coastal setting. With a thoughtful layout designed for easy one level living ,this home features open living and dining area with a wood stove /fireplace and beautiful hardwood floors, impressive stone fireplace, central air conditioning and forced hot air oil heat. Kitchen features quartz countertops and floors of ceramic tile --generator and appliances are included -outdoor Florida room and a large stucco shed is included -A beautiful 1/2 acre lot give plenty of space for those summer cookouts and volleyball and whiffle ball games -Association docking area and moorings on Ninigret Pond offers dock space that opens out to Atlantic Ocean and easy access to Block Island. Charlestown pond may be the prettiest pond in South County .This property is located just minutes to the white sandy beaches of Charlestown Beach -1 minute walk to the beautiful views of Fort Ninigret -associations are voluntary---Just 3 hours to NYC with easy access by train -1 1/2 hours to Boston -Watch Hill 20 minutes Newport 30 minutes --This is a great opportunity to enjoy a home in the country and by the seashore .Don't miss this one it will sell quickly.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02813, Charlestown, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,608 (100%)
Owner Occupied HU	3,154 (56.2%)
Renter Occupied HU	534 ( 9.5%)
Vacant Housing Units	1,920 (34.2%)
Median Home Value	$534,967
Average Home Value	$675,143