23 Butter LnCharlestownRI02813
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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 Charlestown at 23 Butter Ln, Charlestown, RI, 02813 listed at $395,000 pairs $2,596/mo rent with a $1,933/mo payment to leave $18/mo cash flow. Total monthly income runs $2,596/mo, and annual cash flow reaches $214/yr on $130,943 cash to close. Return on cash invested measures 20.07% in year one, and rental yield registers 7.89% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 104.16% and total cumulative return in cash totals $136,386. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,596/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1880
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02813, Charlestown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,608 (100%) |
| Owner Occupied HU | 3,154 (56.2%) |
| Renter Occupied HU | 534 ( 9.5%) |
| Vacant Housing Units | 1,920 (34.2%) |
| Median Home Value | $534,967 |
| Average Home Value | $675,143 |
Housing Distribution
Address Breakdown
Residential
3,695
Single Family
3,695
Multi-Family
0
Businesses
261
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Listed by: Tyler Bernadyn • RE/MAX Results
Mls Name: StateWide MLS RI
Mls ID: #1403623