1180 Middle RdEast GreenwichRI02818
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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 East Greenwich at 1180 Middle Rd, East Greenwich, RI, 02818 listed at $979,900 pairs $7,194/mo rent with a $4,796/mo payment to leave $798/mo cash flow. Total monthly income runs $7,194/mo, and annual cash flow reaches $9,570/yr on $322,387 cash to close. Return on cash invested measures 23.03% in year one, and rental yield registers 8.81% at a $979,900 basis. Equity gained on principal adds $6,323/yr, and annual property appreciation at 5% supports $270,728 by year five. Five-year ROI tracks 119.98% and total cumulative return in cash totals $386,813. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,194/mo property income relative to a $4,796/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
4.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02818, East Greenwich, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,918 (100%) |
| Owner Occupied HU | 6,250 (70.1%) |
| Renter Occupied HU | 2,154 (24.2%) |
| Vacant Housing Units | 514 ( 5.8%) |
| Median Home Value | $616,971 |
| Average Home Value | $661,269 |
Housing Distribution
Address Breakdown
Residential
8,590
Single Family
7,838
Multi-Family
752
Businesses
1,092
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Listed by: Allen Gammons • BHHS Commonwealth Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1368283
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.