61 Seal Island RdBristolRI02809
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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 Bristol at 61 Seal Island Rd, Bristol, RI, 02809 priced at $885,000 converts $2,940/mo rent into after a $4,332/mo obligation. Total monthly income equals $2,940/mo. Return on cash invested prints 8.37% in year one, and rental yield reads 3.99% against a $885,000 entry. Equity gained on principal adds $5,711/yr, while 5% annual appreciation compiles into $244,509 by year five. Five-year ROI reaches 41.36% and total cumulative return in cash sums $120,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,940/mo property income covering a $4,332/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
32.52 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: Cathy Sousa • RE/MAX River's Edge - Bristol
Mls Name: StateWide MLS RI
Mls ID: #1390012