1392 Hope RdHopeRI02831
Nearby investment properties with comparable rents
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
Total monthly income runs $3,166/mo, and a $2,687/mo payment. Purchase price stands at $549,000, and rental yield measures 6.92% with $3,166/mo rent. Return on cash invested shows 17.29% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 89.2% and total cumulative return in cash records $161,108. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,166/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02831, Hope, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,597 (100%) |
| Owner Occupied HU | 1,308 (81.9%) |
| Renter Occupied HU | 187 (11.7%) |
| Vacant Housing Units | 102 ( 6.4%) |
| Median Home Value | $595,912 |
| Average Home Value | $609,060 |
Housing Distribution
Address Breakdown
Residential
1,439
Single Family
1,439
Multi-Family
0
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alysandra Nemeth • Redfin Corporation
Mls Name: StateWide MLS RI
Mls ID: #1392522