28 Washington RdBarringtonRI02806
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 28 Washington Rd, Barrington, RI, 02806 priced at $749,900 converts $5,352/mo rent into $457/mo cash flow after a $3,670/mo obligation. Total monthly income equals $5,352/mo, and annual cash flow totals $5,486/yr on $246,717 invested. Return on cash invested prints 22.28% in year one, and rental yield reads 8.56% against a $749,900 entry. Equity gained on principal adds $4,839/yr, while 5% annual appreciation compiles into $207,184 by year five. Five-year ROI reaches 116% and total cumulative return in cash sums $286,198. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,352/mo property income covering a $3,670/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.76 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: Paola Marmolejos • The Premium Group Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1392837