6 Ledge RdBarringtonRI02806
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Barrington at 6 Ledge Rd, Barrington, RI, 02806 uses $208,915 cash to close to unlock $4,210/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $4,496/mo, and a $3,108/mo payment keeps the spread at $351/mo. Purchase price stands at $635,000, and rental yield measures 8.5% with $4,496/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 114.87% and total cumulative return in cash records $239,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,496/mo property income covering a $3,108/mo payment rather than investor’s personal income.
Single Family
Built in 1956
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02806, Barrington, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,365 (100%) |
| Owner Occupied HU | 5,332 (83.8%) |
| Renter Occupied HU | 714 (11.2%) |
| Vacant Housing Units | 319 ( 5.0%) |
| Median Home Value | $639,942 |
| Average Home Value | $754,675 |
Housing Distribution
Address Breakdown
Residential
6,553
Single Family
6,462
Multi-Family
91
Businesses
440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Friedman Group • Compass
Mls Name: StateWide MLS RI
Mls ID: #1403303