26 Clarke AveHope 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 26 Clarke Ave, Hope Valley, RI, 02832 offers $2,452/mo rent that, after a $1,591/mo payment, leaves $330/mo cash flow. Total monthly income is $2,452/mo, and annual cash flow is $3,962/yr on $107,738 cash. Return on cash invested measures 23.59% in year one, and rental yield stands at 9.05% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 123.06% and total cumulative return in cash reaches $132,577. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,452/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
0.40 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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Listed by: Paula Cardi • Century 21 Limitless PRG
Mls Name: StateWide MLS RI
Mls ID: #1390075