1088 Main StHope ValleyRI02832
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Nearby investment properties with comparable prices
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 Hope Valley at 1088 Main St, Hope Valley, RI, 02832 earns from $2,400/mo rent with a $2,780/mo payment. Total monthly income totals $2,400/mo. ROI tracks 11.66% on current figures, and rental yield reads 5.07% at a $568,000 purchase. Equity gained on principal adds $3,665/yr, and 5% annual appreciation supports $156,928 over five years. Five-year ROI reaches 59.05% and total cumulative return in cash sums $110,349. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.
Multi Family
Built in 1900
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02832, Hope Valley, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,060 (100%) |
| Owner Occupied HU | 1,568 (76.1%) |
| Renter Occupied HU | 339 (16.5%) |
| Vacant Housing Units | 153 ( 7.4%) |
| Median Home Value | $479,849 |
| Average Home Value | $511,724 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,645
Multi-Family
137
Businesses
102
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Nearby investment properties with comparable prices
Listed by: Delaine Wright • Coldwell Banker Coastal Homes
Mls Name: StateWide MLS RI
Mls ID: #1391717