373 Fletcher RdNorth KingstownRI02852
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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 North Kingstown at 373 Fletcher Rd, North Kingstown, RI, 02852 uses $206,119 cash to close to unlock $8,001/yr annual cash flow and $667/mo monthly cash flow. Total monthly income runs $4,756/mo, and a $3,066/mo payment keeps the spread at $667/mo. Purchase price stands at $626,500, and rental yield measures 9.11% with $4,756/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $173,090 over five years. Five-year ROI reaches 124.88% and total cumulative return in cash records $257,404. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,756/mo property income covering a $3,066/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02852, North Kingstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,093 (100%) |
| Owner Occupied HU | 7,548 (68.0%) |
| Renter Occupied HU | 2,765 (24.9%) |
| Vacant Housing Units | 780 ( 7.0%) |
| Median Home Value | $574,339 |
| Average Home Value | $634,649 |
Housing Distribution
Address Breakdown
Residential
10,489
Single Family
9,680
Multi-Family
809
Businesses
1,106
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Listed by: Betsy Alexander • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386255
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.