14 Blackbird St #3-01TivertonRI02878
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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 Tiverton at 14 Blackbird St #3-01, Tiverton, RI, 02878 uses $94,478 cash to close to unlock $5,238/yr annual cash flow and $437/mo monthly cash flow. Total monthly income runs $2,297/mo, and a $1,395/mo payment keeps the spread at $437/mo. Purchase price stands at $285,000, and rental yield measures 9.67% with $2,297/mo rent. Return on cash invested shows 25.45% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 133.04% and total cumulative return in cash records $125,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,297/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02878, Tiverton, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,731 (100%) |
| Owner Occupied HU | 5,638 (72.9%) |
| Renter Occupied HU | 1,377 (17.8%) |
| Vacant Housing Units | 716 ( 9.3%) |
| Median Home Value | $468,017 |
| Average Home Value | $534,412 |
Housing Distribution
Address Breakdown
Residential
7,470
Single Family
7,027
Multi-Family
443
Businesses
538
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Listed by: Patrick Crocetta • Hometown America Communities
Mls Name: My State MLS
Mls ID: #11356539