62 Pine StreetNewportVT05855
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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 Newport at 62 Pine Street, Newport, VT, 05855 uses $85,859 cash to close to unlock $8,179/yr annual cash flow and $682/mo monthly cash flow. Total monthly income runs $2,405/mo, and a $1,268/mo payment keeps the spread at $682/mo. Purchase price stands at $259,000, and rental yield measures 11.14% with $2,405/mo rent. Return on cash invested shows 29.44% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 154.54% and total cumulative return in cash records $132,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,405/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05855, Newport, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,690 (100%) |
| Owner Occupied HU | 2,124 (57.6%) |
| Renter Occupied HU | 1,015 (27.5%) |
| Vacant Housing Units | 551 (14.9%) |
| Median Home Value | $225,673 |
| Average Home Value | $281,306 |
Housing Distribution
Address Breakdown
Residential
3,225
Single Family
3,118
Multi-Family
107
Businesses
434
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