5 Thelma Ln UNIT 5MiddletownRI02842
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 Middletown at 5 Thelma Ln UNIT 5, Middletown, RI, 02842 listed at $698,000 pairs $3,840/mo rent with a $3,416/mo payment. Total monthly income runs $3,840/mo. Return on cash invested measures 13.89% in year one, and rental yield registers 6.6% at a $698,000 basis. Equity gained on principal adds $4,504/yr, and annual property appreciation at 5% supports $192,845 by year five. Five-year ROI tracks 71.84% and total cumulative return in cash totals $164,976. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,840/mo property income relative to a $3,416/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2018
N/A lot
$N/A/sqft
$465 monthly 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: Kate Greenman • Gustave White Sotheby's Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381228
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.