481 Oliphant LnMiddletownRI02842
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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 Middletown at 481 Oliphant Ln, Middletown, RI, 02842 with 5% annual appreciation on a $775,000 basis while $5,671/mo rent supports operations. Total monthly income totals $5,671/mo and a $3,793/mo payment preserves $612/mo for cash returns. Annual cash flow comes to $7,346/yr on $254,975 deployed, and return on cash invested reaches 22.94% in year one. Equity gained on principal adds $5,001/yr, and five-year appreciation sums $214,118 alongside rental yield of 8.78%. Five-year ROI measures 119.53% and total cumulative return in cash totals $304,771.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,671/mo property income versus a $3,793/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02842, Middletown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,042 (100%) |
| Owner Occupied HU | 4,132 (51.4%) |
| Renter Occupied HU | 2,978 (37.0%) |
| Vacant Housing Units | 932 (11.6%) |
| Median Home Value | $602,926 |
| Average Home Value | $695,340 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,650
Multi-Family
818
Businesses
912
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Listed by: Timothy Smith • RE/MAX Profnl. Newport, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1398093