6 E Burdick StCharlestownRI02813
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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 Charlestown at 6 E Burdick St, Charlestown, RI, 02813 with 5% annual appreciation on a $695,000 basis while $3,060/mo rent supports operations. 31% in year one. Equity gained on principal adds $4,485/yr, and five-year appreciation sums $192,016 alongside rental yield of 5.28%. Five-year ROI measures 62.49% and total cumulative return in cash totals $142,890. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,060/mo property income versus a $3,402/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02813, Charlestown, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,695
Single Family
3,695
Multi-Family
0
Businesses
261
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Listed by: Patrice Fenton • Compass
Mls Name: StateWide MLS RI
Mls ID: #1387551