32 Catherine St #ANewportRI02840
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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 Newport at 32 Catherine St #A, Newport, RI, 02840 generates $4,916/mo in rent, after a $8,565/mo payment. Total monthly income is $4,916/mo. Return on cash invested sits at 4.99% in year one, and rental yield is 3.37% on a $1,750,000 entry. Equity gained on principal adds $11,292/yr, while 5% annual appreciation builds toward $483,493 over five years. Five-year ROI reaches 23.79% and total cumulative return in cash sums $134,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,916/mo property income rather than buyer’s personal income.
Condo
Built in 1870
0.36 Acres lot
$N/A/sqft
$758 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02840, Newport, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,501 (100%) |
| Owner Occupied HU | 5,151 (38.2%) |
| Renter Occupied HU | 5,708 (42.3%) |
| Vacant Housing Units | 2,642 (19.6%) |
| Median Home Value | $724,493 |
| Average Home Value | $881,270 |
Housing Distribution
Address Breakdown
Residential
11,991
Single Family
10,501
Multi-Family
1,490
Businesses
1,570
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Listed by: Fitzpatrick Team • RE/MAX Results
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386037
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.