3 Shadow Farm WaySouth KingstownRI02879
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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
Investment property for sale in South Kingstown at 3 Shadow Farm Way, South Kingstown, RI, 02879 earns from $3,694/mo rent with a $4,405/mo payment. Total monthly income totals $3,694/mo. ROI tracks 8% on current figures, and rental yield reads 4.93% at a $900,000 purchase. Equity gained on principal adds $5,808/yr, and 5% annual appreciation supports $248,653 over five years. Five-year ROI reaches 40.55% and total cumulative return in cash sums $120,072. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,694/mo property income instead of your personal income.
Townhouse
Built in 1981
N/A lot
$N/A/sqft
$795 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02879, Wakefield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,559 (100%) |
| Owner Occupied HU | 7,283 (58.0%) |
| Renter Occupied HU | 2,390 (19.0%) |
| Vacant Housing Units | 2,886 (23.0%) |
| Median Home Value | $600,474 |
| Average Home Value | $690,834 |
Housing Distribution
Address Breakdown
Residential
10,038
Single Family
9,386
Multi-Family
652
Businesses
739
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Listed by: The Phipps Team • Compass / Lila Delman Compass
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381690
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.