11 Daventry StGlocesterRI02814
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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
Rental property for sale in Glocester at 11 Daventry St, Glocester, RI, 02814 priced at $265,000 converts $2,579/mo rent into $840/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,579/mo, and annual cash flow totals $10,081/yr on $87,848 invested. Return on cash invested prints 31.38% in year one, and rental yield reads 11.68% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 164.91% and total cumulative return in cash sums $144,867. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,579/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1945
10,018 sqft lot
$N/A/sqft
$109 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
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Listed by: Christopher Petras • The Petras Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1387346
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.