35 Sunset AveSaunderstownRI02874
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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 Saunderstown at 35 Sunset Ave, Saunderstown, RI, 02874 offers $3,480/mo rent that, after a $3,915/mo payment. Total monthly income is $3,480/mo. Return on cash invested measures 12.12% in year one, and rental yield stands at 5.22% at a $799,900 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $220,998 by year five. Five-year ROI records 61.48% and total cumulative return in cash reaches $161,808. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,480/mo property income versus a $3,915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02874, Saunderstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,414 (100%) |
| Owner Occupied HU | 1,907 (79.0%) |
| Renter Occupied HU | 271 (11.2%) |
| Vacant Housing Units | 236 ( 9.8%) |
| Median Home Value | $652,843 |
| Average Home Value | $725,960 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,427
Multi-Family
0
Businesses
88
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Listed by: Allen Gammons • BHHS Commonwealth Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1401832