7 Lee RdBarringtonRI02806
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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 Barrington at 7 Lee Rd, Barrington, RI, 02806 offers a 4.7% rental yield on a $1,525,000 purchase with $5,977/mo rent. 71% in year one. Equity gained on principal adds $9,841/yr while 5% annual appreciation supports $421,329 over five years. Portfolio math shows five-year ROI at 53.87% and total cumulative return in cash at $266,172. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,977/mo property income against a $7,464/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02806, Barrington, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,365 (100%) |
| Owner Occupied HU | 5,332 (83.8%) |
| Renter Occupied HU | 714 (11.2%) |
| Vacant Housing Units | 319 ( 5.0%) |
| Median Home Value | $639,942 |
| Average Home Value | $754,675 |
Housing Distribution
Address Breakdown
Residential
6,553
Single Family
6,462
Multi-Family
91
Businesses
440
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Listed by: Tracey Mulvey • RE/MAX River's Edge - Bristol
Mls Name: StateWide MLS RI
Mls ID: #1392018