32 Tilley AveNewportRI02840
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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 Tilley Ave, Newport, RI, 02840 generates $4,320/mo in rent and, after a $3,079/mo payment, leaves $214/mo in cash flow. Total monthly income is $4,320/mo, and annual cash flow is $2,564/yr on $206,941 invested. Return on cash invested sits at 21.3% in year one, and rental yield is 8.24% on a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 110.71% and total cumulative return in cash sums $229,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
2,678 sqft lot
$N/A/sqft
No 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: Janet Booth • JB Newport Realty
Mls Name: StateWide MLS RI
Mls ID: #1391907