24 Seaspray WayLittle ComptonRI02837
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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 Little Compton at 24 Seaspray Way, Little Compton, RI, 02837 priced at $829,000 pairs $2,640/mo rent with after a $4,058/mo payment. Total monthly income equals $2,640/mo. Return on cash invested is 7.86% in year one, and rental yield stands at 3.82% on a $829,000 basis. Equity gained on principal adds $5,349/yr, and 5% annual appreciation accumulates to $229,037 by year five. Five-year ROI measures 38.65% and total cumulative return in cash reaches $105,424. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $4,058/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02837, Little Compton, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,486 (100%) |
| Owner Occupied HU | 1,414 (56.9%) |
| Renter Occupied HU | 239 ( 9.6%) |
| Vacant Housing Units | 833 (33.5%) |
| Median Home Value | $805,085 |
| Average Home Value | $892,100 |
Housing Distribution
Address Breakdown
Residential
2,205
Single Family
2,205
Multi-Family
0
Businesses
123
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Listed by: Bailey Holland • T. L. Holland Agency
Mls Name: StateWide MLS RI
Mls ID: #1388601