112 Cranberry Ridge Rd, Glocester, RI, 02857 | 6.44% Rental Yield

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112 Cranberry Ridge Rd, Glocester, RI, 02857 | 6.44% Rental Yield | Ziffy

For Sale

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

Rental property for sale in Glocester at 112 Cranberry Ridge Rd, Glocester, RI, 02857 priced at $799,900 pairs $4,294/mo rent with after a $3,915/mo payment. Total monthly income equals $4,294/mo. Return on cash invested is 15.83% in year one, and rental yield stands at 6.44% on a $799,900 basis. Equity gained on principal adds $5,162/yr, and 5% annual appreciation accumulates to $220,998 by year five. Five-year ROI measures 81.39% and total cumulative return in cash reaches $214,188. For financing, Ziffy Mortgage’s DSCR program evaluates $4,294/mo property income against a $3,915/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1978

6.98 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this gorgeous 3 bed 2 bath home with almost 2,000 sq. ft. of living space. This gem has been remodeled down to the studs. Every inch of this home has been redone including a new kitchen with high end cabinets, stainless appliances and granite countertops. There are 2 new bathrooms, new hardwoods, 200 amp electrical service, updated plumbing and A/C. The home sits on almost 7 acres with a scenic country setting and a year round babbling brook. There is a large 10x12 shed with electric and a 19x23 concrete foundation on site perfect for a garage or ADU. There is a brand new 14x14 deck overlooking a beautiful inground pool with new liner and filter. This home needs absolutely nothing.

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