639 S Shore Village Blvd #E30BSouth KingstownRI02879
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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 South Kingstown at 639 S Shore Village Blvd #E30B, South Kingstown, RI, 02879 listed at $1,110,166 pairs $2,825/mo rent with a $5,434/mo payment. Total monthly income runs $2,825/mo. Return on cash invested measures 5.62% in year one, and rental yield registers 3.05% at a $1,110,166 basis. Equity gained on principal adds $7,164/yr, and annual property appreciation at 5% supports $306,718 by year five. Five-year ROI tracks 26.55% and total cumulative return in cash totals $95,515. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,825/mo property income relative to a $5,434/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02879, Wakefield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,559 (100%) |
| Owner Occupied HU | 7,283 (58.0%) |
| Renter Occupied HU | 2,390 (19.0%) |
| Vacant Housing Units | 2,886 (23.0%) |
| Median Home Value | $600,474 |
| Average Home Value | $690,834 |
Housing Distribution
Address Breakdown
Residential
10,038
Single Family
9,386
Multi-Family
652
Businesses
739
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Listed by: Mark Hughes • Lawrence C. LeBlanc REALTORS
Mls Name: StateWide MLS RI
Mls ID: #1400882