669 Metacom Ave UNIT 17BristolRI02809
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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 669 Metacom Ave UNIT 17, Bristol, RI, 02809 listed at $188,903 pairs $2,448/mo rent with a $925/mo payment to leave $1,214/mo cash flow. Total monthly income runs $2,448/mo, and annual cash flow reaches $14,574/yr on $62,621 cash to close. Return on cash invested measures 43.18% in year one, and rental yield registers 15.55% at a $188,903 basis. Equity gained on principal adds $1,219/yr, and annual property appreciation at 5% supports $52,190 by year five. Five-year ROI tracks 228.12% and total cumulative return in cash totals $142,852. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,448/mo property income relative to a $925/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
5.23 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: John Tripodi • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1396995