8 Indigo Point 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
Rental property for sale in South Kingstown at 8 Indigo Point Rd, South Kingstown, RI, 02879 priced at $1,350,000 pairs $4,909/mo rent with after a $6,608/mo payment. Total monthly income equals $4,909/mo. Return on cash invested is 9.66% in year one, and rental yield stands at 4.36% on a $1,350,000 basis. Equity gained on principal adds $8,711/yr, and 5% annual appreciation accumulates to $372,980 by year five. Five-year ROI measures 48.23% and total cumulative return in cash reaches $210,965. For financing, Ziffy Mortgage’s DSCR program evaluates $4,909/mo property income against a $6,608/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
2.11 Acres 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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Listed by: Neil Nolan • Lila Delman Compass
Mls Name: StateWide MLS RI
Mls ID: #1388975