44 3rd StNewportRI02840
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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
Investment Highlights
Investment property for sale in Newport at 44 3rd St, Newport, RI, 02840 at $1,890,000 posts ROI 8.17% with from $6,111/mo rent. Total monthly income equals $6,111/mo. Return on cash invested measures 8.17% and rental yield reads 3.88% at the current $1,890,000. Equity gained on principal adds $12,196/yr, and 5% annual appreciation supports $522,172 by year five. Five-year ROI prints 40.23% and total cumulative return in cash totals $246,343. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,111/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1880
3,301 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: Anna Anton • William Raveis Inspire
Mls Name: StateWide MLS RI
Mls ID: #1388079