40 Hambly RdTivertonRI02878
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
Rental property for sale in Tiverton at 40 Hambly Rd, Tiverton, RI, 02878 generates $3,820/mo in rent and, after a $2,374/mo payment, leaves $654/mo in cash flow. Total monthly income is $3,820/mo, and annual cash flow is $7,846/yr on $160,778 invested. Return on cash invested sits at 24.79% in year one, and rental yield is 9.45% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 129.45% and total cumulative return in cash sums $208,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,820/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02878, Tiverton, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,731 (100%) |
| Owner Occupied HU | 5,638 (72.9%) |
| Renter Occupied HU | 1,377 (17.8%) |
| Vacant Housing Units | 716 ( 9.3%) |
| Median Home Value | $468,017 |
| Average Home Value | $534,412 |
Housing Distribution
Address Breakdown
Residential
7,470
Single Family
7,027
Multi-Family
443
Businesses
538
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fitzpatrick Team • RE/MAX Results
Mls Name: StateWide MLS RI
Mls ID: #1393228