31 Charles StNorth 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
Investment property for sale in North Kingstown at 31 Charles St, North Kingstown, RI, 02852 offers a 9.35% rental yield on a $450,000 purchase with $3,505/mo rent. Total monthly income registers $3,505/mo, and a $2,203/mo payment leaves $567/mo available for distribution. Annual cash flow reaches $6,804/yr on $149,175 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 127.74% and total cumulative return in cash at $190,554. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,505/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.33 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: Jacquelyn Cinquegrana • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls ID: #1401225