86 Hancock DrNorth KingstownRI02852
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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 North Kingstown at 86 Hancock Dr, North Kingstown, RI, 02852 priced at $394,900 converts $2,843/mo rent into $265/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,843/mo, and annual cash flow totals $3,180/yr on $130,909 invested. Return on cash invested prints 22.34% in year one, and rental yield reads 8.64% against a $394,900 entry. Equity gained on principal adds $2,548/yr, while 5% annual appreciation compiles into $109,104 by year five. Five-year ROI reaches 116.3% and total cumulative return in cash sums $152,243. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,843/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1960
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02852, North Kingstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,093 (100%) |
| Owner Occupied HU | 7,548 (68.0%) |
| Renter Occupied HU | 2,765 (24.9%) |
| Vacant Housing Units | 780 ( 7.0%) |
| Median Home Value | $574,339 |
| Average Home Value | $634,649 |
Housing Distribution
Address Breakdown
Residential
10,489
Single Family
9,680
Multi-Family
809
Businesses
1,106
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Listed by: Courtney Grady • Century 21 Luxe Property Grp
Mls Name: StateWide MLS RI
Mls ID: #1395503