51 Old Harbor Rd #53Little 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
Rental property for sale in Little Compton at 51 Old Harbor Rd #53, Little Compton, RI, 02837 generates $3,330/mo in rent, after a $7,758/mo payment. Total monthly income is $3,330/mo. Return on cash invested sits at 3.97% in year one, and rental yield is 2.52% on a $1,585,000 entry. Equity gained on principal adds $10,228/yr, while 5% annual appreciation builds toward $437,906 over five years. Five-year ROI reaches 17.75% and total cumulative return in cash sums $91,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,330/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
2.90 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: Cherry Arnold • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1391270