423 Hope St #1ABristolRI02809
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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 Bristol at 423 Hope St #1A, Bristol, RI, 02809 generates $3,349/mo in rent, after a $3,726/mo payment. Total monthly income is $3,349/mo. Return on cash invested sits at 9.8% in year one, and rental yield is 5.28% on a $761,200 entry. Equity gained on principal adds $4,912/yr, while 5% annual appreciation builds toward $210,306 over five years. Five-year ROI reaches 49.97% and total cumulative return in cash sums $125,154. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,349/mo property income rather than buyer’s personal income.
Condo
Built in 1880
N/A lot
$N/A/sqft
$520 monthly 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: N/A • N/A
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