223 Mautucket RdSouth KingstownRI02879
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 South Kingstown at 223 Mautucket Rd, South Kingstown, RI, 02879 offers $2,410/mo rent that, after a $2,442/mo payment. Total monthly income is $2,410/mo. Return on cash invested measures 13.76% in year one, and rental yield stands at 5.8% at a $499,000 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,865 by year five. Five-year ROI records 70.33% and total cumulative return in cash reaches $116,334. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,410/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02879, Wakefield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,559 (100%) |
| Owner Occupied HU | 7,283 (58.0%) |
| Renter Occupied HU | 2,390 (19.0%) |
| Vacant Housing Units | 2,886 (23.0%) |
| Median Home Value | $600,474 |
| Average Home Value | $690,834 |
Housing Distribution
Address Breakdown
Residential
10,038
Single Family
9,386
Multi-Family
652
Businesses
739
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Listed by: Jennifer Messina • Compass
Mls Name: StateWide MLS RI
Mls ID: #1388611