620 Dry Bridge RdNorth KingstownRI02852
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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
Rental property for sale in North Kingstown at 620 Dry Bridge Rd, North Kingstown, RI, 02852 offers $2,420/mo rent that, after a $1,698/mo payment, leaves $155/mo cash flow. Total monthly income is $2,420/mo, and annual cash flow is $1,863/yr on $115,031 cash. Return on cash invested measures 21.53% in year one, and rental yield stands at 8.37% at a $347,000 entry. Equity gained on principal adds $2,239/yr while 5% annual appreciation compounds into $95,870 by year five. Five-year ROI records 111.99% and total cumulative return in cash reaches $128,828. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,420/mo property income versus a $1,698/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02852, North Kingstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,093 (100%) |
| Owner Occupied HU | 7,548 (68.0%) |
| Renter Occupied HU | 2,765 (24.9%) |
| Vacant Housing Units | 780 ( 7.0%) |
| Median Home Value | $574,339 |
| Average Home Value | $634,649 |
Housing Distribution
Address Breakdown
Residential
10,489
Single Family
9,680
Multi-Family
809
Businesses
1,106
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Listed by: Ian Iannuccilli • RE/MAX Professionals
Mls Name: StateWide MLS RI
Mls ID: #1398287