29 Blue Grass EstMiddletownRI02842
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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 Middletown at 29 Blue Grass Est, Middletown, RI, 02842 earns from $3,851/mo rent with a $4,400/mo payment. Total monthly income totals $3,851/mo. ROI tracks 11.88% on current figures, and rental yield reads 5.14% at a $899,000 purchase. Equity gained on principal adds $5,801/yr, and 5% annual appreciation supports $248,377 over five years. Five-year ROI reaches 60.18% and total cumulative return in cash sums $177,982. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,851/mo property income instead of your personal income.
Single Family
Built in 1994
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02842, Middletown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,042 (100%) |
| Owner Occupied HU | 4,132 (51.4%) |
| Renter Occupied HU | 2,978 (37.0%) |
| Vacant Housing Units | 932 (11.6%) |
| Median Home Value | $602,926 |
| Average Home Value | $695,340 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,650
Multi-Family
818
Businesses
912
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Listed by: Christine MacDonald • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1390290