854 Matunuck Beach Rd UNIT 220South KingstownRI02879
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Nearby investment properties with comparable prices
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 854 Matunuck Beach Rd UNIT 220, South Kingstown, RI, 02879 earns $33/mo cash flow from $1,404/mo rent with a $1,028/mo payment. Total monthly income totals $1,404/mo, and annual cash flow totals $396/yr on $69,615 capital. ROI tracks 20.48% on current figures, and rental yield reads 8.02% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 106.33% and total cumulative return in cash sums $74,020. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,404/mo property income instead of your personal income.
Single Family
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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Listed by: N/A • N/A
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