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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% |
Rental property for sale in Glocester at 119 George Allen Rd, Glocester, RI, 02814 priced at $669,900 converts $3,360/mo rent into after a $3,279/mo obligation. Total monthly income equals $3,360/mo. Return on cash invested prints 14.54% in year one, and rental yield reads 6.02% against a $669,900 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation compiles into $185,081 by year five. Five-year ROI reaches 74.48% and total cumulative return in cash sums $164,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $3,279/mo payment, not borrower’s personal income.
Single Family
Built in 1962
7.12 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-06-05 | Listed for sale | $669,900 |
| 2025-06-03 | Pending sale | $669,900 |
| 2025-05-28 | Listed for sale | $669,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-16 | $6798.00 | -2.75% | $490,500 | N/A |
| 2023-06-16 | $6990.00 | 7.23% | $490,500 | 40.63% |
| 2022-06-16 | $6519.00 | 1.35% | $348,800 | N/A |
Listed by: Spectrum Real Estate Consultants Team • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386102
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 2025 State-Wide MLS, Inc. All rights reserved.
