8 Fanning PlHopkintonRI02833
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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 Hopkinton at 8 Fanning Pl, Hopkinton, RI, 02833 offers a 0% rental yield on a $624,900 purchase with $0/mo rent. 8% in year one. Equity gained on principal adds $4,032/yr while 5% annual appreciation supports $172,648 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
2.47 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02833, Hopkinton, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 242 (100%) |
| Owner Occupied HU | 166 (68.6%) |
| Renter Occupied HU | 63 (26.0%) |
| Vacant Housing Units | 13 ( 5.4%) |
| Median Home Value | $500,000 |
| Average Home Value | $496,596 |
Housing Distribution
Address Breakdown
Residential
216
Single Family
163
Multi-Family
53
Businesses
21
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No similar rental properties found nearby.
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Listed by: Michael HIMMEL • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1379787
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.