41 Ocean Ridge DrCharlestownRI02813
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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 41 Ocean Ridge Dr, Charlestown, RI, 02813 offers $3,060/mo rent that, after a $7,464/mo payment. Total monthly income is $3,060/mo. Return on cash invested measures 3.62% in year one, and rental yield stands at 2.41% at a $1,525,000 entry. Equity gained on principal adds $9,841/yr while 5% annual appreciation compounds into $421,329 by year five. Five-year ROI records 15.88% and total cumulative return in cash reaches $78,456. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,060/mo property income versus a $7,464/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
1.45 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: Michael HIMMEL • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1388467