106 Fales RdBristolRI02809
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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
Investment property for sale in Bristol at 106 Fales Rd, Bristol, RI, 02809 offers a 8.29% rental yield on a $519,900 purchase with $3,593/mo rent. Total monthly income registers $3,593/mo, and a $2,545/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,386/yr on $171,047 to close, and return on cash invested stands at 21.46% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,639 over five years. Portfolio math shows five-year ROI at 111.55% and total cumulative return in cash at $190,804. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,593/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02809, Bristol, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,670 (100%) |
| Owner Occupied HU | 5,967 (61.7%) |
| Renter Occupied HU | 2,840 (29.4%) |
| Vacant Housing Units | 863 ( 8.9%) |
| Median Home Value | $507,237 |
| Average Home Value | $586,507 |
Housing Distribution
Address Breakdown
Residential
8,804
Single Family
8,211
Multi-Family
593
Businesses
778
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Listed by: Deb Cordeiro-Guyette • Harborside Realty
Mls Name: StateWide MLS RI
Mls ID: #1404034