41 Peace Pipe Trl SSouth KingstownRI02879
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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 South Kingstown at 41 Peace Pipe Trl S, South Kingstown, RI, 02879 priced at $514,000 converts $3,605/mo rent into $249/mo cash flow after a $2,516/mo obligation. Total monthly income equals $3,605/mo, and annual cash flow totals $2,994/yr on $169,106 invested. Return on cash invested prints 21.83% in year one, and rental yield reads 8.42% against a $514,000 entry. Equity gained on principal adds $3,317/yr, while 5% annual appreciation compiles into $142,009 by year five. Five-year ROI reaches 113.57% and total cumulative return in cash sums $192,059. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,605/mo property income covering a $2,516/mo payment, not borrower’s personal income.
Single Family
Built in 1936
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02879, Wakefield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,559 (100%) |
| Owner Occupied HU | 7,283 (58.0%) |
| Renter Occupied HU | 2,390 (19.0%) |
| Vacant Housing Units | 2,886 (23.0%) |
| Median Home Value | $600,474 |
| Average Home Value | $690,834 |
Housing Distribution
Address Breakdown
Residential
10,038
Single Family
9,386
Multi-Family
652
Businesses
739
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Listed by: The Fraioli-Wilson Team • Edge Realty RI
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1387907
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.