299 W Main RdMiddletownRI02842
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
Investment property for sale in Middletown at 299 W Main Rd, Middletown, RI, 02842 earns $56,714/mo cash flow from $63,040/mo rent with a $4,743/mo payment. Total monthly income totals $63,040/mo, and annual cash flow totals $680,572/yr on $318,801 capital. ROI tracks 233.54% on current figures, and rental yield reads 78.07% at a $969,000 purchase. Equity gained on principal adds $6,253/yr, and 5% annual appreciation supports $267,717 over five years. Five-year ROI reaches 1248.84% and total cumulative return in cash sums $3,981,327. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $63,040/mo property income instead of your personal income.
Single Family
Built in 1945
0.42 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: Arthur Chapman • William Raveis Inspire
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1365436
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 2024 State-Wide MLS, Inc. All rights reserved.