33 E Sakonnet StTivertonRI02878
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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 Tiverton at 33 E Sakonnet St, Tiverton, RI, 02878 uses $125,937 cash to close to unlock $5,322/yr annual cash flow and $444/mo monthly cash flow. Total monthly income runs $3,223/mo, and a $1,859/mo payment keeps the spread at $444/mo. Purchase price stands at $379,900, and rental yield measures 10.18% with $3,223/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 126.99% and total cumulative return in cash records $159,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,223/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02878, Tiverton, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,731 (100%) |
| Owner Occupied HU | 5,638 (72.9%) |
| Renter Occupied HU | 1,377 (17.8%) |
| Vacant Housing Units | 716 ( 9.3%) |
| Median Home Value | $468,017 |
| Average Home Value | $534,412 |
Housing Distribution
Address Breakdown
Residential
7,470
Single Family
7,027
Multi-Family
443
Businesses
538
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Listed by: Melissa Riley • Westcott Properties
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1367056
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 2024 State-Wide MLS, Inc. All rights reserved.