35 Squantum DrMiddletownRI02842
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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 35 Squantum Dr, Middletown, RI, 02842 uses $203,651 cash to close to unlock $1,344/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $4,153/mo, and a $3,030/mo payment keeps the spread at $112/mo. Purchase price stands at $619,000, and rental yield measures 8.05% with $4,153/mo rent. Return on cash invested shows 20.72% in year one, and 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 107.6% and total cumulative return in cash records $219,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,153/mo property income covering a $3,030/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.26 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: The Dowd Team • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1403606