8 North DrMiddletownRI02842
Nearby investment properties with comparable rents
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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 8 North Dr, Middletown, RI, 02842 offers $4,466/mo rent that, after a $3,989/mo payment. Total monthly income is $4,466/mo. Return on cash invested measures 16.24% in year one, and rental yield stands at 6.58% at a $814,900 entry. Equity gained on principal adds $5,258/yr while 5% annual appreciation compounds into $225,142 by year five. Five-year ROI records 83.56% and total cumulative return in cash reaches $224,034. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,466/mo property income versus a $3,989/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.54 Acres 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: Harbor to Hill Real Estate Team • Warner Realty Group
Mls Name: StateWide MLS RI
Mls ID: #1394145