21 Carpenter AveBarringtonRI02806
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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
Investment Highlights
Investment property for sale in Barrington at 21 Carpenter Ave, Barrington, RI, 02806 with 5% annual appreciation on a $655,000 basis while $4,560/mo rent supports operations. Total monthly income totals $4,560/mo and a $3,206/mo payment preserves $284/mo for cash returns. Annual cash flow comes to $3,410/yr on $215,495 deployed, and return on cash invested reaches 21.64% in year one. Equity gained on principal adds $4,227/yr, and five-year appreciation sums $180,964 alongside rental yield of 8.35%. Five-year ROI measures 112.57% and total cumulative return in cash totals $242,591.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,560/mo property income versus a $3,206/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02806, Barrington, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,365 (100%) |
| Owner Occupied HU | 5,332 (83.8%) |
| Renter Occupied HU | 714 (11.2%) |
| Vacant Housing Units | 319 ( 5.0%) |
| Median Home Value | $639,942 |
| Average Home Value | $754,675 |
Housing Distribution
Address Breakdown
Residential
6,553
Single Family
6,462
Multi-Family
91
Businesses
440
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Listed by: Nancy Ryan • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1390221