7 West StAshawayRI02804
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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 Ashaway at 7 West St, Ashaway, RI, 02804 earns from $2,680/mo rent with a $2,296/mo payment. Total monthly income totals $2,680/mo. ROI tracks 16.96% on current figures, and rental yield reads 6.86% at a $469,000 purchase. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 over five years. Five-year ROI reaches 87.46% and total cumulative return in cash sums $135,979. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,680/mo property income instead of your personal income.
Multi Family
Built in 1835
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02804, Ashaway, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,325 (100%) |
| Owner Occupied HU | 1,052 (79.4%) |
| Renter Occupied HU | 181 (13.7%) |
| Vacant Housing Units | 92 ( 6.9%) |
| Median Home Value | $409,932 |
| Average Home Value | $525,038 |
Housing Distribution
Address Breakdown
Residential
1,063
Single Family
1,063
Multi-Family
0
Businesses
91
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Listed by: Justin Mandese • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls ID: #1398575