23 Frederick StRumfordRI02916
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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 Rumford at 23 Frederick St, Rumford, RI, 02916 earns from $2,484/mo rent with a $2,202/mo payment. Total monthly income totals $2,484/mo. ROI tracks 16.27% on current figures, and rental yield reads 6.63% at a $449,900 purchase. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 over five years. Five-year ROI reaches 83.77% and total cumulative return in cash sums $124,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,484/mo property income instead of your personal income.
Single Family
Built in 1954
6,830 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02916, Rumford, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,061 (100%) |
| Owner Occupied HU | 2,688 (66.2%) |
| Renter Occupied HU | 1,222 (30.1%) |
| Vacant Housing Units | 151 ( 3.7%) |
| Median Home Value | $430,359 |
| Average Home Value | $452,640 |
Housing Distribution
Address Breakdown
Residential
3,918
Single Family
3,305
Multi-Family
613
Businesses
370
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Listed by: Lori Camara • Lamacchia Realty, Inc
Mls Name: StateWide MLS RI
Mls ID: #1398559