2 Main St #22AlbionRI02802
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 2 Main St #22, Albion, RI, 02802 in Albion is capital appreciation. Rental yield 0%. The 0% gross yield at $244,900 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $67,661 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.00) without U.S. credit history; structure with a larger down payment to optimise coverage.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
Condo
Built in 1960
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02802, Albion, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 301 (100%) |
| Owner Occupied HU | 181 (60.1%) |
| Renter Occupied HU | 94 (31.2%) |
| Vacant Housing Units | 26 ( 8.6%) |
| Median Home Value | $552,455 |
| Average Home Value | $551,630 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Condo
Built in 1960
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02802, Albion, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 301 (100%) |
| Owner Occupied HU | 181 (60.1%) |
| Renter Occupied HU | 94 (31.2%) |
| Vacant Housing Units | 26 ( 8.6%) |
| Median Home Value | $552,455 |
| Average Home Value | $551,630 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Kenneth Scotti • RE/MAX Properties
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383245
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.