65 Village Hill LnNorth KingstownRI02852
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
Investment property for sale in North Kingstown at 65 Village Hill Ln, North Kingstown, RI, 02852 uses $197,071 cash to close to unlock $10,124/yr annual cash flow and $844/mo monthly cash flow. Total monthly income runs $4,754/mo, and a $2,932/mo payment keeps the spread at $844/mo. Purchase price stands at $599,000, and rental yield measures 9.52% with $4,754/mo rent. Return on cash invested shows 25.2% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 131.62% and total cumulative return in cash records $259,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,754/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.63 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Derek Eisenberg • Continental Re Group, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1400483