111 Mishnock RdWest GreenwichRI02817
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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
Investment property for sale in West Greenwich at 111 Mishnock Rd, West Greenwich, RI, 02817 uses $72,930 cash to close to unlock $1,532/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $1,564/mo, and a $1,077/mo payment keeps the spread at $128/mo. Purchase price stands at $220,000, and rental yield measures 8.53% with $1,564/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 114.57% and total cumulative return in cash records $83,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,564/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
0.45 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,568
Single Family
2,568
Multi-Family
0
Businesses
123
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Listed by: Nicole Mainville • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1400623