470 Gondola AveJamestownRI02835
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
Investment Highlights
Investment property for sale in Jamestown at 470 Gondola Ave, Jamestown, RI, 02835 earns $2,611/mo cash flow from $7,800/mo rent with a $3,891/mo payment. Total monthly income totals $7,800/mo, and annual cash flow totals $31,326/yr on $261,555 capital. ROI tracks 32.04% on current figures, and rental yield reads 11.77% at a $795,000 purchase. Equity gained on principal adds $5,130/yr, and 5% annual appreciation supports $219,644 over five years. Five-year ROI reaches 168.3% and total cumulative return in cash sums $440,194. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,800/mo property income instead of your personal income.
Single Family
Built in 2018
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02835, Jamestown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,111 (100%) |
| Owner Occupied HU | 2,021 (65.0%) |
| Renter Occupied HU | 424 (13.6%) |
| Vacant Housing Units | 666 (21.4%) |
| Median Home Value | $855,867 |
| Average Home Value | $1,041,232 |
Housing Distribution
Address Breakdown
Residential
2,957
Single Family
2,843
Multi-Family
114
Businesses
223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Tanner • Flagship Real Estate Advisors
Mls Name: StateWide MLS RI
Mls ID: #1394657