7 Belvedere 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
Rental property for sale in Bristol at 7 Belvedere Dr, Bristol, RI, 02809 generates $3,810/mo in rent and, after a $2,300/mo payment, leaves $742/mo in cash flow. Total monthly income is $3,810/mo, and annual cash flow is $8,908/yr on $155,805 invested. Return on cash invested sits at 25.63% in year one, and rental yield is 9.73% on a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 133.95% and total cumulative return in cash sums $208,701. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,810/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
5,000 sqft 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: Juli McIntosh • RE/MAX ADVANTAGE GROUP
Mls Name: StateWide MLS RI
Mls ID: #1393839