11 Melinda Way, Hope Valley, RI, 02832 | 3.72% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,400/mo, and a $3,793/mo payment. Purchase price stands at $775,000, and rental yield measures 3.72% with $2,400/mo rent. Return on cash invested shows 7.55% in year one, and 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 36.98% and total cumulative return in cash records $94,279. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $3,793/mo payment rather than investor’s personal income.

Single Family

Built in 2007

2.14 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