18 Mockingbird LnTivertonRI02878
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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
Rental property for sale in Tiverton at 18 Mockingbird Ln, Tiverton, RI, 02878 priced at $259,800 converts $1,797/mo rent into $101/mo cash flow after a $1,272/mo obligation. Total monthly income equals $1,797/mo, and annual cash flow totals $1,208/yr on $86,124 invested. Return on cash invested prints 21.31% in year one, and rental yield reads 8.3% against a $259,800 entry. Equity gained on principal adds $1,676/yr, while 5% annual appreciation compiles into $71,778 by year five. Five-year ROI reaches 110.82% and total cumulative return in cash sums $95,439. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,797/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
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: Jenny Pappas • Lamacchia Realty, Inc
Mls Name: StateWide MLS RI
Mls ID: #1400433