217 Hope St APT 3BristolRI02809
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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 Bristol at 217 Hope St APT 3, Bristol, RI, 02809 offers a 3.97% rental yield on a $640,000 purchase with $2,118/mo rent. 35% in year one. Equity gained on principal adds $4,130/yr while 5% annual appreciation supports $176,820 over five years. Portfolio math shows five-year ROI at 26.28% and total cumulative return in cash at $55,338. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,118/mo property income against a $3,132/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1893
0.64 Acres lot
$N/A/sqft
$521 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02809, Bristol, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,670 (100%) |
| Owner Occupied HU | 5,967 (61.7%) |
| Renter Occupied HU | 2,840 (29.4%) |
| Vacant Housing Units | 863 ( 8.9%) |
| Median Home Value | $507,237 |
| Average Home Value | $586,507 |
Housing Distribution
Address Breakdown
Residential
8,804
Single Family
8,211
Multi-Family
593
Businesses
778
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Listed by: Karen Florio • William Raveis Inspire
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1385379
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.