11 Cheyenne Trl, West Greenwich, RI, 02817 | $1,045/mo Cash Flow

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11 Cheyenne Trl, West Greenwich, RI, 02817 | $1,045/mo Cash Flow | Ziffy

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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

Rental property for sale in West Greenwich at 11 Cheyenne Trl, West Greenwich, RI, 02817 generates $3,186/mo in rent and, after a $1,605/mo payment, leaves $1,045/mo in cash flow. Total monthly income is $3,186/mo, and annual cash flow is $12,543/yr on $108,732 invested. Return on cash invested sits at 31.44% in year one, and rental yield is 11.66% on a $328,000 entry. Equity gained on principal adds $2,117/yr, while 5% annual appreciation builds toward $90,620 over five years. Five-year ROI reaches 165.18% and total cumulative return in cash sums $179,599. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,186/mo property income rather than buyer’s personal income.

Single Family

Built in 1969

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Attention Mid Century Mod fans! This home is a has many original features from the era. While it needs work, there is much to love, including a new roof in 2023 and many newer windows. The kitchen features newer cabinets with soft close drawers and solid (granite?) counters. Located on a no-outlet street, in a quiet Lake Mishnock neighborhood, it is close to Route 95 for easy access north and south for commuting, shopping etc. This home is ready for its next chapter and looking for new owners who will appreciate its unique character while ushering it into the 21st century.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02817, West Greenwich, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,617 (100%)
Owner Occupied HU	2,085 (79.7%)
Renter Occupied HU	435 (16.6%)
Vacant Housing Units	97 ( 3.7%)
Median Home Value	$534,980
Average Home Value	$554,369