533 Forest ParkMiddletownRI02842
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 Middletown at 533 Forest Park, Middletown, RI, 02842 priced at $175,000 converts $1,384/mo rent into $241/mo cash flow after a $857/mo obligation. Total monthly income equals $1,384/mo, and annual cash flow totals $2,894/yr on $58,013 invested. Return on cash invested prints 24.9% in year one, and rental yield reads 9.49% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 130.1% and total cumulative return in cash sums $75,475. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,384/mo property income covering a $857/mo payment, not borrower’s personal income.
Manufactured
Built in 2018
N/A 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: James Holland • T. L. Holland Agency
Mls Name: StateWide MLS RI
Mls ID: #1394432