51 Whitman DrNorth KingstownRI02852
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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 North Kingstown at 51 Whitman Dr, North Kingstown, RI, 02852 earns $1,557/mo cash flow from $4,984/mo rent with a $2,570/mo payment. Total monthly income totals $4,984/mo, and annual cash flow totals $18,678/yr on $172,725 capital. ROI tracks 30.87% on current figures, and rental yield reads 11.39% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 162.06% and total cumulative return in cash sums $279,921. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,984/mo property income instead of your personal income.
Single Family
Built in 1969
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02852, North Kingstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,093 (100%) |
| Owner Occupied HU | 7,548 (68.0%) |
| Renter Occupied HU | 2,765 (24.9%) |
| Vacant Housing Units | 780 ( 7.0%) |
| Median Home Value | $574,339 |
| Average Home Value | $634,649 |
Housing Distribution
Address Breakdown
Residential
10,489
Single Family
9,680
Multi-Family
809
Businesses
1,106
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Listed by: Jessica Delmonico • Cullen Real Estate & Appr Co
Mls Name: StateWide MLS RI
Mls ID: #1391521