49 Ocean DrLittle ComptonRI02837
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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
Investment property for sale in Little Compton at 49 Ocean Dr, Little Compton, RI, 02837 at $1,795,000 posts ROI 1.14% with from $2,400/mo rent. Total monthly income equals $2,400/mo. Return on cash invested measures 1.14% and rental yield reads 1.6% at the current $1,795,000. Equity gained on principal adds $11,583/yr, and 5% annual appreciation supports $495,925 by year five. Five-year ROI prints 2.58% and total cumulative return in cash totals $14,977. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,400/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02837, Little Compton, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,486 (100%) |
| Owner Occupied HU | 1,414 (56.9%) |
| Renter Occupied HU | 239 ( 9.6%) |
| Vacant Housing Units | 833 (33.5%) |
| Median Home Value | $805,085 |
| Average Home Value | $892,100 |
Housing Distribution
Address Breakdown
Residential
2,205
Single Family
2,205
Multi-Family
0
Businesses
123
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Listed by: Renee WELCHMAN • Compass
Mls Name: StateWide MLS RI
Mls ID: #1401612