477 Hope Furnace RdHopeRI02831
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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 Hope at 477 Hope Furnace Rd, Hope, RI, 02831 offers a 9.31% rental yield on a $599,900 purchase with $4,655/mo rent. Total monthly income registers $4,655/mo, and a $2,936/mo payment leaves $739/mo available for distribution. Annual cash flow reaches $8,870/yr on $197,367 to close, and return on cash invested stands at 24.55% in year one. Equity gained on principal adds $3,871/yr while 5% annual appreciation supports $165,741 over five years. Portfolio math shows five-year ROI at 128.19% and total cumulative return in cash at $253,000. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,655/mo property income against a $2,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
1.40 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
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Listed by: Caitlin Pannone • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls ID: #1399479