991 Middlebridge 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 991 Middlebridge Rd, South Kingstown, RI, 02879 generates $3,600/mo in rent, after a $4,581/mo payment. Total monthly income is $3,600/mo. Return on cash invested sits at 10.28% in year one, and rental yield is 4.62% on a $935,900 entry. Equity gained on principal adds $6,039/yr, while 5% annual appreciation builds toward $258,572 over five years. Five-year ROI reaches 51.62% and total cumulative return in cash sums $158,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
2.25 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: Ronnie TOSONI • eXp Realty
Mls Name: StateWide MLS RI
Mls ID: #1393175