280 W Reach DrJamestownRI02835
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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 Jamestown at 280 W Reach Dr, Jamestown, RI, 02835 priced at $1,695,000 converts $6,446/mo rent into after a $8,296/mo obligation. Total monthly income equals $6,446/mo. Return on cash invested prints 10.28% in year one, and rental yield reads 4.56% against a $1,695,000 entry. Equity gained on principal adds $10,938/yr, while 5% annual appreciation compiles into $468,297 by year five. Five-year ROI reaches 51.55% and total cumulative return in cash sums $283,125. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,446/mo property income covering a $8,296/mo payment, not borrower’s personal income.
Single Family
Built in 1988
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02835, Jamestown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,111 (100%) |
| Owner Occupied HU | 2,021 (65.0%) |
| Renter Occupied HU | 424 (13.6%) |
| Vacant Housing Units | 666 (21.4%) |
| Median Home Value | $855,867 |
| Average Home Value | $1,041,232 |
Housing Distribution
Address Breakdown
Residential
2,957
Single Family
2,843
Multi-Family
114
Businesses
223
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Listed by: Stephen Thibodeau • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls ID: #1396126