33 Almy StNewportRI02840
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 33 Almy St, Newport, RI, 02840 generates $6,416/mo in rent, after a $4,895/mo payment. Total monthly income is $6,416/mo. Return on cash invested sits at 19.65% in year one, and rental yield is 7.7% on a $999,999 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,281 over five years. Five-year ROI reaches 101.89% and total cumulative return in cash sums $335,223. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,416/mo property income rather than buyer’s personal income.
Multi Family
Built in 1935
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bethany Cox • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381995
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.