965 Main StHope ValleyRI02832
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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 Hope Valley at 965 Main St, Hope Valley, RI, 02832 uses $71,239 cash to close to unlock $11,964/yr annual cash flow and $997/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,052/mo payment keeps the spread at $997/mo. Purchase price stands at $214,900, and rental yield measures 13.4% with $2,400/mo rent. Return on cash invested shows 36.7% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 193.33% and total cumulative return in cash records $137,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1880
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02832, Hope Valley, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,060 (100%) |
| Owner Occupied HU | 1,568 (76.1%) |
| Renter Occupied HU | 339 (16.5%) |
| Vacant Housing Units | 153 ( 7.4%) |
| Median Home Value | $479,849 |
| Average Home Value | $511,724 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,645
Multi-Family
137
Businesses
102
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Listed by: Drew Carlson • BHHS New England Properties
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1387606
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.