55 Ormerod AvePortsmouthRI02871
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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 Portsmouth at 55 Ormerod Ave, Portsmouth, RI, 02871 priced at $375,000 pairs $2,449/mo rent with $2/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,449/mo, and annual cash flow comes to $18/yr on $124,313 invested. Return on cash invested is 19.92% in year one, and rental yield stands at 7.84% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 103.37% and total cumulative return in cash reaches $128,499. For financing, Ziffy Mortgage’s DSCR program evaluates $2,449/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02871, Portsmouth, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,329 (100%) |
| Owner Occupied HU | 5,674 (68.1%) |
| Renter Occupied HU | 1,526 (18.3%) |
| Vacant Housing Units | 1,129 (13.6%) |
| Median Home Value | $652,796 |
| Average Home Value | $746,528 |
Housing Distribution
Address Breakdown
Residential
7,920
Single Family
7,619
Multi-Family
301
Businesses
575
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Listed by: Michael Koster • Cameron Prestige, LLC
Mls Name: StateWide MLS RI
Mls ID: #1394283