16 King RdMiddletownRI02842
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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 Middletown at 16 King Rd, Middletown, RI, 02842 offers a 9.77% rental yield on a $449,900 purchase with $3,664/mo rent. Total monthly income registers $3,664/mo, and a $2,202/mo payment leaves $727/mo available for distribution. Annual cash flow reaches $8,726/yr on $149,142 to close, and return on cash invested stands at 25.76% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 134.68% and total cumulative return in cash at $200,866. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,664/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02842, Middletown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,042 (100%) |
| Owner Occupied HU | 4,132 (51.4%) |
| Renter Occupied HU | 2,978 (37.0%) |
| Vacant Housing Units | 932 (11.6%) |
| Median Home Value | $602,926 |
| Average Home Value | $695,340 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,650
Multi-Family
818
Businesses
912
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Listed by: Fitzpatrick Team • RE/MAX Results
Mls Name: StateWide MLS RI
Mls ID: #1395810