162 Center AveMiddletownRI02842
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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 162 Center Ave, Middletown, RI, 02842 with 5% annual appreciation on a $999,998 basis while $4,080/mo rent supports operations. 13% in year one. Equity gained on principal adds $6,453/yr, and five-year appreciation sums $276,281 alongside rental yield of 4.9%. Five-year ROI measures 56.2% and total cumulative return in cash totals $184,899. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,080/mo property income versus a $4,894/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
6,098 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: Noelle Shiland • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1398836