31 Walter StBarringtonRI02806
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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 31 Walter St, Barrington, RI, 02806 priced at $639,900 pairs $1,662/mo rent with after a $3,132/mo payment. Total monthly income equals $1,662/mo. Return on cash invested is 5.72% in year one, and rental yield stands at 3.12% on a $639,900 basis. Equity gained on principal adds $4,129/yr, and 5% annual appreciation accumulates to $176,793 by year five. Five-year ROI measures 27.18% and total cumulative return in cash reaches $57,227. For financing, Ziffy Mortgage’s DSCR program evaluates $1,662/mo property income against a $3,132/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1941
7,400 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: Koury Signoriello • New World Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383794
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.