31 Jasmine CirSaunderstownRI02874
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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 Saunderstown at 31 Jasmine Cir, Saunderstown, RI, 02874 with 5% annual appreciation on a $656,700 basis while $6,624/mo rent supports operations. Total monthly income totals $6,624/mo and a $3,214/mo payment preserves $2,337/mo for cash returns. Annual cash flow comes to $28,049/yr on $216,054 deployed, and return on cash invested reaches 33.04% in year one. Equity gained on principal adds $4,238/yr, and five-year appreciation sums $181,434 alongside rental yield of 12.1%. Five-year ROI measures 173.69% and total cumulative return in cash totals $375,269.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,624/mo property income versus a $3,214/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02874, Saunderstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,414 (100%) |
| Owner Occupied HU | 1,907 (79.0%) |
| Renter Occupied HU | 271 (11.2%) |
| Vacant Housing Units | 236 ( 9.8%) |
| Median Home Value | $652,843 |
| Average Home Value | $725,960 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,427
Multi-Family
0
Businesses
88
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