54 Michael DrBristolRI02809
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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 Bristol at 54 Michael Dr, Bristol, RI, 02809 earns from $5,226/mo rent with a $5,139/mo payment. Total monthly income totals $5,226/mo. ROI tracks 14.63% on current figures, and rental yield reads 5.97% at a $1,050,000 purchase. Equity gained on principal adds $6,775/yr, and 5% annual appreciation supports $290,096 over five years. Five-year ROI reaches 74.87% and total cumulative return in cash sums $254,705. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,226/mo property income instead of your personal income.
Single Family
Built in 2018
0.35 Acres 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
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Listed by: Principe Real Estate Group • William Raveis Inspire
Mls Name: StateWide MLS RI
Mls ID: #1389186