40 Saw Mill Dr #204North KingstownRI02852
INVESTMENT ANALYSIS
Investment Verdict
Solid Income40 Saw Mill Dr #204, North Kingstown, RI, 02852 in North Kingstown carries a 1.61 coverage ratio, rent of $2,930/mo is 1.61 times the $1,819/mo payment. Rental yield 8.69%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $404,600 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $111,784; total projected cumulative return: $172,676.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 5.0% |
| Monthly Cash Flow | $(51) | $1,850 |
City averages based on North Kingstown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,930 |
| Total Monthly Debt Service | $2,480 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2017
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2017
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Coleen Palmisano • Williams & Stuart Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1401462