258 Woodridge DrNorth KingstownRI02874
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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 North Kingstown at 258 Woodridge Dr, North Kingstown, RI, 02874 priced at $1,309,500 converts $0/mo rent into after a $6,409/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.81% in year one, and rental yield reads 0% against a $1,309,500 entry. Equity gained on principal adds $8,450/yr, while 5% annual appreciation compiles into $361,791 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $6,409/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02874, Saunderstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,414 (100%) |
| Owner Occupied HU | 1,907 (79.0%) |
| Renter Occupied HU | 271 (11.2%) |
| Vacant Housing Units | 236 ( 9.8%) |
| Median Home Value | $652,843 |
| Average Home Value | $725,960 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,427
Multi-Family
0
Businesses
88
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A