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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Glocester at 11 Laurel Dr, Glocester, RI, 02814 earns $84/mo cash flow from $3,487/mo rent with a $2,545/mo payment. Total monthly income totals $3,487/mo, and annual cash flow totals $1,009/yr on $171,047 capital. ROI tracks 20.65% on current figures, and rental yield reads 8.05% at a $519,900 purchase. Equity gained on principal adds $3,355/yr, and 5% annual appreciation supports $143,639 over five years. Five-year ROI reaches 107.27% and total cumulative return in cash sums $183,484. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,487/mo property income instead of your personal income.
Single Family
Built in 1972
0.39 Acres lot
$N/A/sqft
$105 annually HOA
Neighborhood data shown for ZIP Code: 02814, Chepachet, RI area.
| 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 |
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
Date | Event | Price |
|---|---|---|
| 2024-08-28 | Listed for sale | $519,900 |
| 2024-05-30 | Listing removed | N/A |
| 2024-05-15 | Contingent | $489,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $6368.00 | 32.78% | $446,900 | 74.16% |
| 2022-10-14 | $4796.00 | 1.35% | $256,600 | N/A |
| 2021-10-14 | $4732.00 | 1.22% | $256,600 | N/A |
Listed by: The Modern Collective Group • Compass
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1367142
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 2024 State-Wide MLS, Inc. All rights reserved.
