48 Constitution St FLOOR 2BristolRI02809
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 Bristol at 48 Constitution St FLOOR 2, Bristol, RI, 02809 priced at $519,900 pairs $2,522/mo rent with after a $2,545/mo payment. Total monthly income equals $2,522/mo. Return on cash invested is 13.94% in year one, and rental yield stands at 5.82% on a $519,900 basis. Equity gained on principal adds $3,355/yr, and 5% annual appreciation accumulates to $143,639 by year five. Five-year ROI measures 71.25% and total cumulative return in cash reaches $121,876. For financing, Ziffy Mortgage’s DSCR program evaluates $2,522/mo property income against a $2,545/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1900
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracey Mulvey • RE/MAX River's Edge - Bristol
Mls Name: StateWide MLS RI
Mls ID: #1399965