115 Regina DrWest 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
Rental property for sale in West Greenwich at 115 Regina Dr, West Greenwich, RI, 02817 generates $6,611/mo in rent and, after a $3,670/mo payment, leaves $1,716/mo in cash flow. Total monthly income is $6,611/mo, and annual cash flow is $20,594/yr on $246,717 invested. Return on cash invested sits at 28.41% in year one, and rental yield is 10.58% on a $749,900 entry. Equity gained on principal adds $4,839/yr, while 5% annual appreciation builds toward $207,184 over five years. Five-year ROI reaches 148.84% and total cumulative return in cash sums $367,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,611/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
2.24 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: John Tripodi • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1402255