20 Borden Farm RdPortsmouthRI02871
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 20 Borden Farm Rd, Portsmouth, RI, 02871 in Portsmouth is a conservative rental investment at $830,000. Rental yield 7.24%. A 1.34 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $229,314; $7,644/yr in principal paydown supplements. Total projected return: $289,722.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 4.8% |
| Monthly Cash Flow | $(491) | $1,850 |
City averages based on Portsmouth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,010 |
| Total Monthly Debt Service | $5,088 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1893
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02871, Portsmouth, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,329 (100%) |
| Owner Occupied HU | 5,674 (68.1%) |
| Renter Occupied HU | 1,526 (18.3%) |
| Vacant Housing Units | 1,129 (13.6%) |
| Median Home Value | $652,796 |
| Average Home Value | $746,528 |
Housing Distribution
Address Breakdown
Residential
7,920
Single Family
7,619
Multi-Family
301
Businesses
575
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
Single Family
Built in 1893
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02871, Portsmouth, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,329 (100%) |
| Owner Occupied HU | 5,674 (68.1%) |
| Renter Occupied HU | 1,526 (18.3%) |
| Vacant Housing Units | 1,129 (13.6%) |
| Median Home Value | $652,796 |
| Average Home Value | $746,528 |
Housing Distribution
Address Breakdown
Residential
7,920
Single Family
7,619
Multi-Family
301
Businesses
575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joy Gilkeson • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1403893