86 Conant LnKingstonRI02881
Nearby investment properties with comparable rents
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 Kingston at 86 Conant Ln, Kingston, RI, 02881 offers a 8.26% rental yield on a $675,000 purchase with $4,649/mo rent. Total monthly income registers $4,649/mo, and a $3,304/mo payment leaves $243/mo available for distribution. Annual cash flow reaches $2,910/yr on $222,075 to close, and return on cash invested stands at 21.37% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 111.1% and total cumulative return in cash at $246,723. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,649/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02881, Kingston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,021 (100%) |
| Owner Occupied HU | 655 (64.2%) |
| Renter Occupied HU | 254 (24.9%) |
| Vacant Housing Units | 112 (11.0%) |
| Median Home Value | $493,554 |
| Average Home Value | $621,424 |
Housing Distribution
Address Breakdown
Residential
1,024
Single Family
1,010
Multi-Family
14
Businesses
99
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Missie Rose • RE/MAX River's Edge
Mls Name: StateWide MLS RI
Mls ID: #1394532