123 S Pierce 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 123 S Pierce Rd, East Greenwich, RI, 02818 offers a 8.18% rental yield on a $639,000 purchase with $4,354/mo rent. Total monthly income registers $4,354/mo, and a $3,128/mo payment leaves $182/mo available for distribution. Annual cash flow reaches $2,188/yr on $210,231 to close, and return on cash invested stands at 21.1% in year one. Equity gained on principal adds $4,123/yr while 5% annual appreciation supports $176,544 over five years. Portfolio math shows five-year ROI at 109.65% and total cumulative return in cash at $230,524. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,354/mo property income against a $3,128/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.27 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: Devin Hall • Cote Partners Realty LLC
Mls Name: StateWide MLS RI
Mls ID: #1403665