29 Lake AveBarringtonRI02806
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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 29 Lake Ave, Barrington, RI, 02806 priced at $749,000 converts $4,560/mo rent into after a $3,666/mo obligation. Total monthly income equals $4,560/mo. Return on cash invested prints 18.46% in year one, and rental yield reads 7.31% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 95.47% and total cumulative return in cash sums $235,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,560/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in 2004
9,500 sqft 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: Jim DeRentis • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1397455