40 Hope Furnace RdScituateRI02831
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 Scituate at 40 Hope Furnace Rd, Scituate, RI, 02831 earns $357/mo cash flow from $3,034/mo rent with a $2,007/mo payment. Total monthly income totals $3,034/mo, and annual cash flow totals $4,288/yr on $135,915 capital. ROI tracks 23.06% on current figures, and rental yield reads 8.88% at a $410,000 purchase. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,275 over five years. Five-year ROI reaches 120.22% and total cumulative return in cash sums $163,403. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,034/mo property income instead of your personal income.
Single Family
Built in 1880
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Perrino Team • Paiva Realty Group
Mls Name: StateWide MLS RI
Mls ID: #1403446