613 Stony Fort RdSaunderstownRI02874
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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 Saunderstown at 613 Stony Fort Rd, Saunderstown, RI, 02874 uses $204,408 cash to close to unlock $7,155/yr annual cash flow and $596/mo monthly cash flow. Total monthly income runs $4,652/mo, and a $3,041/mo payment keeps the spread at $596/mo. Purchase price stands at $621,300, and rental yield measures 8.99% with $4,652/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $171,654 over five years. Five-year ROI reaches 122.85% and total cumulative return in cash records $251,115. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,652/mo property income covering a $3,041/mo payment rather than investor’s personal income.
Single Family
Built in 1991
1.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02874, Saunderstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,414 (100%) |
| Owner Occupied HU | 1,907 (79.0%) |
| Renter Occupied HU | 271 (11.2%) |
| Vacant Housing Units | 236 ( 9.8%) |
| Median Home Value | $652,843 |
| Average Home Value | $725,960 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,427
Multi-Family
0
Businesses
88
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