8 Kearns AveTivertonRI02878
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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 Tiverton at 8 Kearns Ave, Tiverton, RI, 02878 with 5% annual appreciation on a $429,990 basis while $3,438/mo rent supports operations. Total monthly income totals $3,438/mo and a $2,105/mo payment preserves $631/mo for cash returns. Annual cash flow comes to $7,568/yr on $142,542 deployed, and return on cash invested reaches 25.22% in year one. Equity gained on principal adds $2,775/yr, and five-year appreciation sums $118,798 alongside rental yield of 9.59%. Five-year ROI measures 131.76% and total cumulative return in cash totals $187,811.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,438/mo property income versus a $2,105/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02878, Tiverton, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,731 (100%) |
| Owner Occupied HU | 5,638 (72.9%) |
| Renter Occupied HU | 1,377 (17.8%) |
| Vacant Housing Units | 716 ( 9.3%) |
| Median Home Value | $468,017 |
| Average Home Value | $534,412 |
Housing Distribution
Address Breakdown
Residential
7,470
Single Family
7,027
Multi-Family
443
Businesses
538
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Listed by: The WP Group • Smith and Oak Real Estate Co.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1365899
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 2024 State-Wide MLS, Inc. All rights reserved.