92 Bayview ParkMiddletownRI02842
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Middletown at 92 Bayview Park, Middletown, RI, 02842 at $165,000 posts ROI 24.35% with $203/mo cash flow from $1,280/mo rent. Total monthly income equals $1,280/mo, and annual cash flow records $2,430/yr on $54,698 to close. Return on cash invested measures 24.35% and rental yield reads 9.31% at the current $165,000. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 by year five. Five-year ROI prints 127.16% and total cumulative return in cash totals $69,551.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,280/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1988
N/A 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: Tiffany Bennett • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1395305