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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Charlestown at 6 Beaver Ln, Charlestown, RI, 02813 generates $3,060/mo in rent, after a $3,402/mo payment. Total monthly income is $3,060/mo. Return on cash invested sits at 12.31% in year one, and rental yield is 5.28% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 62.49% and total cumulative return in cash sums $142,890. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,060/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02813, Charlestown, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,608 (100%) |
| Owner Occupied HU | 3,154 (56.2%) |
| Renter Occupied HU | 534 ( 9.5%) |
| Vacant Housing Units | 1,920 (34.2%) |
| Median Home Value | $534,967 |
| Average Home Value | $675,143 |
Residential
3,695
Single Family
3,695
Multi-Family
0
Businesses
261
Date | Event | Price |
|---|---|---|
| 2025-01-22 | Listed for sale | $695,000 |
| 2004-07-13 | Sold | $419,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $3538.00 | 0.71% | $612,100 | N/A |
| 2023-01-28 | $3513.00 | 6.81% | $612,100 | 52.04% |
| 2022-01-28 | $3289.00 | -0.12% | $402,600 | N/A |
Listed by: Chris Randall • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1376689
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.
