2 Kay StHope ValleyRI02832
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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 Hope Valley at 2 Kay St, Hope Valley, RI, 02832 priced at $349,900 pairs $1,948/mo rent with after a $1,713/mo payment. Total monthly income equals $1,948/mo. Return on cash invested is 16.43% in year one, and rental yield stands at 6.68% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 84.63% and total cumulative return in cash reaches $98,166. For financing, Ziffy Mortgage’s DSCR program evaluates $1,948/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02832, Hope Valley, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,060 (100%) |
| Owner Occupied HU | 1,568 (76.1%) |
| Renter Occupied HU | 339 (16.5%) |
| Vacant Housing Units | 153 ( 7.4%) |
| Median Home Value | $479,849 |
| Average Home Value | $511,724 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,645
Multi-Family
137
Businesses
102
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Nearby investment properties with comparable prices
Listed by: Erin Diaz • Beaches & Backroads Realty
Mls Name: StateWide MLS RI
Mls ID: #1391505