60 Division StNewportRI02840
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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
Total monthly income runs $5,481/mo, and a $8,296/mo payment. Purchase price stands at $1,695,000, and rental yield measures 3.88% with $5,481/mo rent. Return on cash invested shows 8.17% in year one, and 5% annual appreciation builds toward $468,297 over five years. Five-year ROI reaches 40.25% and total cumulative return in cash records $221,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,481/mo property income covering a $8,296/mo payment rather than investor’s personal income.
Single Family
Built in 1852
2,199 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02840, Newport, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,501 (100%) |
| Owner Occupied HU | 5,151 (38.2%) |
| Renter Occupied HU | 5,708 (42.3%) |
| Vacant Housing Units | 2,642 (19.6%) |
| Median Home Value | $724,493 |
| Average Home Value | $881,270 |
Housing Distribution
Address Breakdown
Residential
11,991
Single Family
10,501
Multi-Family
1,490
Businesses
1,570
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Listed by: Michelle Drum • Gustave White Sotheby's Realty
Mls Name: StateWide MLS RI
Mls ID: #1387200