50 Steven StTivertonRI02878
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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 Tiverton at 50 Steven St, Tiverton, RI, 02878 with 5% annual appreciation on a $509,000 basis while $3,720/mo rent supports operations. Total monthly income totals $3,720/mo and a $2,491/mo payment preserves $398/mo for cash returns. Annual cash flow comes to $4,772/yr on $167,461 deployed, and return on cash invested reaches 22.91% in year one. Equity gained on principal adds $3,285/yr, and five-year appreciation sums $140,627 alongside rental yield of 8.77%. Five-year ROI measures 119.35% and total cumulative return in cash totals $199,861.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,720/mo property income versus a $2,491/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02878, Tiverton, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,731 (100%) |
| Owner Occupied HU | 5,638 (72.9%) |
| Renter Occupied HU | 1,377 (17.8%) |
| Vacant Housing Units | 716 ( 9.3%) |
| Median Home Value | $468,017 |
| Average Home Value | $534,412 |
Housing Distribution
Address Breakdown
Residential
7,470
Single Family
7,027
Multi-Family
443
Businesses
538
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Listed by: Jennifer Hilton • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1401001