1091 Snake Hill Rd, Glocester, RI, 02857 | $80/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1091 Snake Hill Rd, Glocester, RI, 02857 | $80/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 1091 Snake Hill Rd, Glocester, RI, 02857 uses $71,273 cash to close to unlock $958/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,483/mo, and a $1,052/mo payment keeps the spread at $80/mo. Purchase price stands at $215,000, and rental yield measures 8.28% with $1,483/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 110.5% and total cumulative return in cash records $78,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,483/mo property income covering a $1,052/mo payment rather than investor’s personal income.

Single Family

Built in 1960

0.99 Acres lot

$N/A/sqft

No HOA

More details about the property

Opportunity knocks in the heart of Glocester! This 2-Bed, 1-Bath single-family home is the perfect project for investors, contractors, or handy buyers looking to build equity. Envision the possibilities! Add another bedroom, a bathroom, extend and raise the roof over the garage and you may more than double your investment! Newer Oil tank. Some newer windows. Lots of privacy! Nestled on a rural road, this property offers the peace and charm of country living while still being close to local conveniences, just a short 3-minute drive to Ponaganset Middle School, 5-minutes to the high school, and a quick 25-minute drive to Providence. With vision and sweat equity, a few tools and your imagination, this fixer-upper is waiting for its next chapter! Highest & best due Saturday 10/4 by 8 PM

Neighborhood Data

Neighborhood data shown for ZIP Code: 02857, North Scituate, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,639 (100%)
Owner Occupied HU	3,040 (83.5%)
Renter Occupied HU	445 (12.2%)
Vacant Housing Units	154 ( 4.2%)
Median Home Value	$479,748
Average Home Value	$533,428