681 Corn Neck RdBlock IslandRI02807
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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 Block Island at 681 Corn Neck Rd, Block Island, RI, 02807 earns from $3,662/mo rent with a $8,272/mo payment. Total monthly income totals $3,662/mo. ROI tracks 3.98% on current figures, and rental yield reads 2.6% at a $1,690,000 purchase. Equity gained on principal adds $10,905/yr, and 5% annual appreciation supports $466,916 over five years. Five-year ROI reaches 17.88% and total cumulative return in cash sums $97,896. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,662/mo property income instead of your personal income.
Single Family
Built in 1969
0.77 Acres lot
$N/A/sqft
$1,286 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02807, Block Island, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,845 (100%) |
| Owner Occupied HU | 495 (26.8%) |
| Renter Occupied HU | 161 ( 8.7%) |
| Vacant Housing Units | 1,189 (64.4%) |
| Median Home Value | $1,436,813 |
| Average Home Value | $1,498,606 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
129
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Listed by: Jennifer Phillips • Phillips Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1364290
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.