299 W Allenton RdNorth KingstownRI02852
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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 North Kingstown at 299 W Allenton Rd, North Kingstown, RI, 02852 generates $5,341/mo in rent and, after a $3,279/mo payment, leaves $968/mo in cash flow. Total monthly income is $5,341/mo, and annual cash flow is $11,612/yr on $220,430 invested. Return on cash invested sits at 25.33% in year one, and rental yield is 9.57% on a $670,000 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation builds toward $185,109 over five years. Five-year ROI reaches 132.32% and total cumulative return in cash sums $291,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,341/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02852, North Kingstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,093 (100%) |
| Owner Occupied HU | 7,548 (68.0%) |
| Renter Occupied HU | 2,765 (24.9%) |
| Vacant Housing Units | 780 ( 7.0%) |
| Median Home Value | $574,339 |
| Average Home Value | $634,649 |
Housing Distribution
Address Breakdown
Residential
10,489
Single Family
9,680
Multi-Family
809
Businesses
1,106
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Listed by: Donna Sabitoni • Flagship Real Estate Advisors
Mls Name: StateWide MLS RI
Mls ID: #1402022