3 Aster LnHopeRI02831
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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 at 3 Aster Ln, Hope, RI, 02831 generates $5,671/mo in rent and, after a $4,155/mo payment, leaves $129/mo in cash flow. Total monthly income is $5,671/mo, and annual cash flow is $1,552/yr on $279,321 invested. Return on cash invested sits at 20.62% in year one, and rental yield is 8.02% on a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 107.05% and total cumulative return in cash sums $299,024. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,671/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
4.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02831, Hope, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,597 (100%) |
| Owner Occupied HU | 1,308 (81.9%) |
| Renter Occupied HU | 187 (11.7%) |
| Vacant Housing Units | 102 ( 6.4%) |
| Median Home Value | $595,912 |
| Average Home Value | $609,060 |
Housing Distribution
Address Breakdown
Residential
1,439
Single Family
1,439
Multi-Family
0
Businesses
98
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Listed by: Jo-Ann Molinaro • RE/MAX Professionals
Mls Name: StateWide MLS RI
Mls ID: #1400148