55 John Clarke Rd #8MiddletownRI02842
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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
Rental property for sale in Middletown at 55 John Clarke Rd #8, Middletown, RI, 02842 priced at $415,000 pairs $3,540/mo rent with $831/mo cash flow after a $2,031/mo payment. Total monthly income equals $3,540/mo, and annual cash flow comes to $9,974/yr on $137,573 invested. Return on cash invested is 27.16% in year one, and rental yield stands at 10.24% on a $415,000 basis. Equity gained on principal adds $2,678/yr, and 5% annual appreciation accumulates to $114,657 by year five. Five-year ROI measures 142.19% and total cumulative return in cash reaches $195,609. For financing, Ziffy Mortgage’s DSCR program evaluates $3,540/mo property income against a $2,031/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2022
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: Michelle Kirby • Gustave White Sotheby's Realty
Mls Name: StateWide MLS RI
Mls ID: #1389778