278 New Meadow RdBarringtonRI02806
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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 Barrington at 278 New Meadow Rd, Barrington, RI, 02806 offers $3,240/mo rent that, after a $3,255/mo payment. Total monthly income is $3,240/mo. Return on cash invested measures 14.02% in year one, and rental yield stands at 5.85% at a $665,000 entry. Equity gained on principal adds $4,291/yr while 5% annual appreciation compounds into $183,727 by year five. Five-year ROI records 71.67% and total cumulative return in cash reaches $156,811. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,240/mo property income versus a $3,255/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02806, Barrington, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,365 (100%) |
| Owner Occupied HU | 5,332 (83.8%) |
| Renter Occupied HU | 714 (11.2%) |
| Vacant Housing Units | 319 ( 5.0%) |
| Median Home Value | $639,942 |
| Average Home Value | $754,675 |
Housing Distribution
Address Breakdown
Residential
6,553
Single Family
6,462
Multi-Family
91
Businesses
440
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Listed by: MaryBeth Frye • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1403579