LOT Eight Carrs LnNorth 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 LOT Eight Carrs Ln, North Kingstown, RI, 02852 generates $2,760/mo in rent, after a $9,419/mo payment. Total monthly income is $2,760/mo. Return on cash invested sits at 1.51% in year one, and rental yield is 1.72% on a $1,924,500 entry. Equity gained on principal adds $12,418/yr, while 5% annual appreciation builds toward $531,704 over five years. Five-year ROI reaches 4.51% and total cumulative return in cash sums $28,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
1 Acres 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: Matthew St. Ours • RE/MAX Professionals
Mls Name: StateWide MLS RI
Mls ID: #1397777