24 Cala AveTivertonRI02878
Nearby investment properties with comparable rents
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
Investment Highlights
Rental property for sale in Tiverton at 24 Cala Ave, Tiverton, RI, 02878 generates $3,852/mo in rent and, after a $2,545/mo payment, leaves $458/mo in cash flow. Total monthly income is $3,852/mo, and annual cash flow is $5,494/yr on $171,047 invested. Return on cash invested sits at 23.27% in year one, and rental yield is 8.89% on a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,639 over five years. Five-year ROI reaches 121.29% and total cumulative return in cash sums $207,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,852/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.52 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Ferry • Keller Williams South Watuppa
Mls Name: StateWide MLS RI
Mls ID: #1403349