350 Narrow LnCharlestownRI02813
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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 Charlestown at 350 Narrow Ln, Charlestown, RI, 02813 priced at $1,295,000 converts $4,675/mo rent into after a $6,338/mo obligation. Total monthly income equals $4,675/mo. Return on cash invested prints 9.56% in year one, and rental yield reads 4.33% against a $1,295,000 entry. Equity gained on principal adds $8,356/yr, while 5% annual appreciation compiles into $357,785 by year five. Five-year ROI reaches 47.72% and total cumulative return in cash sums $200,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,675/mo property income covering a $6,338/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02813, Charlestown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,608 (100%) |
| Owner Occupied HU | 3,154 (56.2%) |
| Renter Occupied HU | 534 ( 9.5%) |
| Vacant Housing Units | 1,920 (34.2%) |
| Median Home Value | $534,967 |
| Average Home Value | $675,143 |
Housing Distribution
Address Breakdown
Residential
3,695
Single Family
3,695
Multi-Family
0
Businesses
261
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Listed by: Travis Justice • Compass
Mls Name: StateWide MLS RI
Mls ID: #1396229