52 Spring StSouth KingstownRI02879
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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 South Kingstown at 52 Spring St, South Kingstown, RI, 02879 priced at $428,000 pairs $3,433/mo rent with $639/mo cash flow after a $2,095/mo payment. Total monthly income equals $3,433/mo, and annual cash flow comes to $7,667/yr on $141,882 invested. Return on cash invested is 25.31% in year one, and rental yield stands at 9.63% on a $428,000 basis. Equity gained on principal adds $2,762/yr, and 5% annual appreciation accumulates to $118,249 by year five. Five-year ROI measures 132.25% and total cumulative return in cash reaches $187,643. For financing, Ziffy Mortgage’s DSCR program evaluates $3,433/mo property income against a $2,095/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1885
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02879, Wakefield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,559 (100%) |
| Owner Occupied HU | 7,283 (58.0%) |
| Renter Occupied HU | 2,390 (19.0%) |
| Vacant Housing Units | 2,886 (23.0%) |
| Median Home Value | $600,474 |
| Average Home Value | $690,834 |
Housing Distribution
Address Breakdown
Residential
10,038
Single Family
9,386
Multi-Family
652
Businesses
739
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Listed by: Robin Tregenza • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1389044
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.