26 Freebody StNewportRI02840
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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 Newport at 26 Freebody St, Newport, RI, 02840 priced at $749,000 pairs $3,799/mo rent with after a $3,666/mo payment. Total monthly income equals $3,799/mo. Return on cash invested is 14.75% in year one, and rental yield stands at 6.09% on a $749,000 basis. Equity gained on principal adds $4,833/yr, and 5% annual appreciation accumulates to $206,935 by year five. Five-year ROI measures 75.59% and total cumulative return in cash reaches $186,280. For financing, Ziffy Mortgage’s DSCR program evaluates $3,799/mo property income against a $3,666/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1860
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02840, Newport, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,501 (100%) |
| Owner Occupied HU | 5,151 (38.2%) |
| Renter Occupied HU | 5,708 (42.3%) |
| Vacant Housing Units | 2,642 (19.6%) |
| Median Home Value | $724,493 |
| Average Home Value | $881,270 |
Housing Distribution
Address Breakdown
Residential
11,991
Single Family
10,501
Multi-Family
1,490
Businesses
1,570
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Listed by: Mike Sweeney • Gustave White Sotheby's Realty
Mls Name: StateWide MLS RI
Mls ID: #1400933