58 Stern StJamestownRI02835
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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 Jamestown at 58 Stern St, Jamestown, RI, 02835 generates $4,727/mo in rent, after a $5,262/mo payment. Total monthly income is $4,727/mo. Return on cash invested sits at 12.48% in year one, and rental yield is 5.28% on a $1,075,000 entry. Equity gained on principal adds $6,937/yr, while 5% annual appreciation builds toward $297,003 over five years. Five-year ROI reaches 63.35% and total cumulative return in cash sums $220,662. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,727/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02835, Jamestown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,111 (100%) |
| Owner Occupied HU | 2,021 (65.0%) |
| Renter Occupied HU | 424 (13.6%) |
| Vacant Housing Units | 666 (21.4%) |
| Median Home Value | $855,867 |
| Average Home Value | $1,041,232 |
Housing Distribution
Address Breakdown
Residential
2,957
Single Family
2,843
Multi-Family
114
Businesses
223
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Listed by: James Thompson • Ri Flat Fee.Com
Mls Name: StateWide MLS RI
Mls ID: #1388068