Rental DSCR · Rhode Island
Where rent covers the loan in Rhode Island
At a 7% example rate, a 3-bedroom rental on a mid-market home covers its full payment in 0 of 5 Rhode Island counties (0%). The typical Rhode Island county has a DSCR of 0.70. No Rhode Island market with at least 2,500 renter homes and a loan of $55,000 or more covers the payment at 7%. The closest are Kent County at 0.78, Providence County at 0.77 and Newport County at 0.70.
The biggest rental markets
In Rhode Island’s largest rental markets, the rent falls short of the payment in Providence County (DSCR 0.77, break-even under 4%), Kent County (DSCR 0.78, break-even 4.0%) and Newport County (DSCR 0.70, break-even under 4%).
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Every Rhode Island county, ranked
Ranked by DSCR at a 7% example rate on a mid-market home, 75% loan. † A 75% loan there is under $55,000, the smallest DSCR loan through Pinnacle Funding Network. * Small survey sample; treat as rough.
| # | County | Renter homes | 3-bed rent | Home price | DSCR at 7% (example) | Break-even rate |
|---|---|---|---|---|---|---|
| 1 | Kent County | 19,608 | $2,132 | $411,800 | 0.78 | 4.0% |
| 2 | Providence County | 111,642 | $2,107 | $419,800 | 0.77 | Under 4% |
| 3 | Newport County | 11,846 | $2,863 | $663,700 | 0.70 | Under 4% |
| 4 | Washington County | 11,807 | $2,150 | $577,800 | 0.59 | Under 4% |
| 5 | Bristol County | 5,665 | $2,023 | $570,300 | 0.54 | Under 4% |
Rates on this page are a 7% example, not a quote or an offer. DSCR here is 3-bedroom rent divided by principal, interest, property tax and insurance on a 75% loan with a 30-year fixed payment. At 1.00 the rent pays all of it. Figures are estimates from public data, for education only.
Questions
In how many Rhode Island counties does a 3-bedroom rental cover the payment at 7%?
At a 7% example rate, a 3-bedroom rental on a mid-market home covers its full payment in 0 of 5 Rhode Island counties (0%). The typical Rhode Island county has a DSCR of 0.70. The count holds at 0 anywhere from a 6% to an 8% example rate.
Where in Rhode Island does rent go furthest against the payment?
No Rhode Island market with at least 2,500 renter homes and a loan of $55,000 or more covers the payment at 7%. The closest are Kent County at 0.78, Providence County at 0.77 and Newport County at 0.70.
Do Rhode Island’s biggest rental markets cover the payment?
In Rhode Island’s largest rental markets, the rent falls short of the payment in Providence County (DSCR 0.77, break-even under 4%), Kent County (DSCR 0.78, break-even 4.0%) and Newport County (DSCR 0.70, break-even under 4%).
How is this calculated?
Rent is HUD’s FY2027 Fair Market Rent for a 3-bedroom, adjusted to each county. Home prices are about the 40th percentile of local values from the Census Bureau’s 2020 to 2024 American Community Survey, brought to mid-2026 with the FHFA house price index. Property tax uses each county’s effective rate and insurance starts from NAIC 2023 average premiums. DSCR is rent divided by principal, interest, tax and insurance on a 75% loan at a 7% example rate, which is not a quote or an offer.
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