47 B Kingsland Ct UNIT 6ACharlestownRI02813
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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 47 B Kingsland Ct UNIT 6A, Charlestown, RI, 02813 priced at $275,000 pairs $1,936/mo rent with $141/mo cash flow after a $1,346/mo payment. Total monthly income equals $1,936/mo, and annual cash flow comes to $1,690/yr on $91,163 invested. Return on cash invested is 21.76% in year one, and rental yield stands at 8.45% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 113.23% and total cumulative return in cash reaches $103,223. For financing, Ziffy Mortgage’s DSCR program evaluates $1,936/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
N/A 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: Annie Fox • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1391104