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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wakefield at 240-R6W Carpenters Beach Rd, Wakefield, RI, 02879 offers a 10.29% rental yield on a $349,900 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $1,713/mo payment leaves $341/mo available for distribution. Annual cash flow reaches $4,086/yr on $115,992 to close, and return on cash invested stands at 23.43% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 123.6% and total cumulative return in cash at $143,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
N/A lot
$N/A/sqft
$4,500 annually HOA
Neighborhood data shown for ZIP Code: 02879, Wakefield, RI area.
| 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 |
Residential
10,038
Single Family
9,386
Multi-Family
652
Businesses
739
Date | Event | Price |
|---|---|---|
| 2025-03-17 | Listed for sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lane Ceceri Group • Lane Ceceri Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380168
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
