65 Spring StSaunderstownRI02874
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Saunderstown at 65 Spring St, Saunderstown, RI, 02874 priced at $1,949,000 converts $4,770/mo rent into after a $9,539/mo obligation. Total monthly income equals $4,770/mo. Return on cash invested prints 5.26% in year one, and rental yield reads 2.94% against a $1,949,000 entry. Equity gained on principal adds $12,577/yr, while 5% annual appreciation compiles into $538,473 by year five. Five-year ROI reaches 24.63% and total cumulative return in cash sums $155,547. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,770/mo property income covering a $9,539/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.93 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jack Teeden • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1392420