214 Heritage DrPortsmouthRI02871
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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
Rental property for sale in Portsmouth at 214 Heritage Dr, Portsmouth, RI, 02871 priced at $674,900 converts $5,662/mo rent into $1,257/mo cash flow after a $3,303/mo obligation. Total monthly income equals $5,662/mo, and annual cash flow totals $15,080/yr on $222,042 invested. Return on cash invested prints 26.85% in year one, and rental yield reads 10.07% against a $674,900 entry. Equity gained on principal adds $4,355/yr, while 5% annual appreciation compiles into $186,462 by year five. Five-year ROI reaches 140.48% and total cumulative return in cash sums $311,935. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,662/mo property income covering a $3,303/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.60 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
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Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11582158