106 Echo Rd, Glocester, RI, 02814 | 7.5% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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106 Echo Rd, Glocester, RI, 02814 | 7.5% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Glocester at 106 Echo Rd, Glocester, RI, 02814 offers a 7.5% rental yield on a $310,000 purchase with $1,937/mo rent. 9% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 97.9% and total cumulative return in cash at $100,603. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,937/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

0.47 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Lakeside Retreat with Entertainers Dream Space! Welcome to your peaceful getaway nestled in the heart of Chepachet, RI, offering tranquil views of the beautiful Pascoag Reservoir. This cozy 1-bedroom, 1-bath home spans approximately 700 sq. ft. and sits on just under half an acre, providing the perfect blend of privacy and comfort. Step inside to a spacious open-concept living room, ideal for entertaining or relaxing after a long day. The homes finished basement extends your entertainment options, featuring a custom built-in bar and plenty of room for gatherings, movie nights, or game days. Enjoy peace of mind with several recent updates, including a new water tank, new boiler, and central air conditioning offering modern comfort and efficiency year-round. Outside, youll find a private backyard oasis complete with a garden area, full shed, and ample outdoor space for relaxing or hosting. Whether youre sipping your morning coffee while taking in the reservoir views or winding down around a fire pit under the stars, this property captures the best of Rhode Islands natural charm. Located just minutes from local shops, restaurants, and recreation, this home offers the ideal balance of quiet lakeside living and convenient access to everyday amenities. Schedule your private showing today and experience the peaceful charm of Chepachet living!

Neighborhood Data

Neighborhood data shown for ZIP Code: 02814, Chepachet, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,341 (100%)
Owner Occupied HU	2,698 (80.8%)
Renter Occupied HU	376 (11.3%)
Vacant Housing Units	267 ( 8.0%)
Median Home Value	$468,016
Average Home Value	$500,838