40 Charlotte 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
Investment property for sale in Saunderstown at 40 Charlotte Ave, Saunderstown, RI, 02874 listed at $1,375,000 pairs $6,803/mo rent with a $6,730/mo payment. Total monthly income runs $6,803/mo. Return on cash invested measures 14.52% in year one, and rental yield registers 5.94% at a $1,375,000 basis. Equity gained on principal adds $8,873/yr, and annual property appreciation at 5% supports $379,887 by year five. Five-year ROI tracks 74.29% and total cumulative return in cash totals $330,978. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,803/mo property income relative to a $6,730/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
1.02 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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