39 Connection StNewportRI02840
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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 Newport at 39 Connection St, Newport, RI, 02840 with 5% annual appreciation on a $1,950,000 basis while $5,984/mo rent supports operations. 56% in year one. Equity gained on principal adds $12,583/yr, and five-year appreciation sums $538,749 alongside rental yield of 3.68%. Five-year ROI measures 36.97% and total cumulative return in cash totals $233,549. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,984/mo property income versus a $9,544/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1872
2,178 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
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Listed by: Clifford Ponte • Keller Williams South Watuppa
Mls Name: StateWide MLS RI
Mls ID: #1399695