689 Succotash RdSouth 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 689 Succotash Rd, South Kingstown, RI, 02879 at $329,000 posts ROI 16.54% with from $1,841/mo rent. Total monthly income equals $1,841/mo. Return on cash invested measures 16.54% and rental yield reads 6.71% at the current $329,000. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 by year five. Five-year ROI prints 85.21% and total cumulative return in cash totals $92,937. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,841/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1950
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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Nearby investment properties with comparable prices
Listed by: John Biafore • Lighthouse Real Estate Group
Mls Name: StateWide MLS RI
Mls ID: #1394473