206 Wilbert WayNorth KingstownRI02852
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
Rental property for sale in North Kingstown at 206 Wilbert Way, North Kingstown, RI, 02852 priced at $1,229,900 converts $2,760/mo rent into after a $6,020/mo obligation. Total monthly income equals $2,760/mo. Return on cash invested prints 4.31% in year one, and rental yield reads 2.69% against a $1,229,900 entry. Equity gained on principal adds $7,936/yr, while 5% annual appreciation compiles into $339,799 by year five. Five-year ROI reaches 19.63% and total cumulative return in cash sums $78,231. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $6,020/mo payment, not borrower’s personal income.
Single Family
Built in 2007
1.26 Acres lot
$N/A/sqft
$765 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02852, North Kingstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,093 (100%) |
| Owner Occupied HU | 7,548 (68.0%) |
| Renter Occupied HU | 2,765 (24.9%) |
| Vacant Housing Units | 780 ( 7.0%) |
| Median Home Value | $574,339 |
| Average Home Value | $634,649 |
Housing Distribution
Address Breakdown
Residential
10,489
Single Family
9,680
Multi-Family
809
Businesses
1,106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Rachel Jones Team • SKD Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1365277
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 State-Wide MLS, Inc. All rights reserved.