38 Collins StBristolRI02809
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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
Rental property for sale in Bristol at 38 Collins St, Bristol, RI, 02809 offers $4,920/mo rent that, after a $3,666/mo payment, leaves $31/mo cash flow. Total monthly income is $4,920/mo, and annual cash flow is $368/yr on $246,421 cash. Return on cash invested measures 20.21% in year one, and rental yield stands at 7.88% at a $749,000 entry. Equity gained on principal adds $4,833/yr while 5% annual appreciation compounds into $206,935 by year five. Five-year ROI records 104.87% and total cumulative return in cash reaches $258,412. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,920/mo property income versus a $3,666/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02809, Bristol, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,670 (100%) |
| Owner Occupied HU | 5,967 (61.7%) |
| Renter Occupied HU | 2,840 (29.4%) |
| Vacant Housing Units | 863 ( 8.9%) |
| Median Home Value | $507,237 |
| Average Home Value | $586,507 |
Housing Distribution
Address Breakdown
Residential
8,804
Single Family
8,211
Multi-Family
593
Businesses
778
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Listed by: A Bruneau Team • Compass
Mls Name: StateWide MLS RI
Mls ID: #1400487