13 Pine Grove Ln, West Greenwich, RI, 02817 | 6.79% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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13 Pine Grove Ln, West Greenwich, RI, 02817 | 6.79% 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 West Greenwich at 13 Pine Grove Ln, West Greenwich, RI, 02817 priced at $599,999 converts $3,396/mo rent into after a $2,937/mo obligation. Total monthly income equals $3,396/mo. Return on cash invested prints 16.89% in year one, and rental yield reads 6.79% against a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 87.08% and total cumulative return in cash sums $171,887. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,396/mo property income covering a $2,937/mo payment, not borrower’s personal income.

Condo

Built in 2016

3,942 sqft lot

$N/A/sqft

No HOA

More details about the property

These highly desirable condos do not come up for sale too often, but when they do, they sell fast. Welcome to Cedar Ridge, a 55+ community of freestanding condos with the feel of a quiet neighborhood. This unit offers 2 bedrooms and 2.5 bathrooms across 1392 sq ft of living space, with an additional 8-900 sq ft of finished space in the walk out basement. Enjoy spacious luxury living with modern features, such as hardwood flooring, custom cabinets, granite counters, upgraded appliance package, custom tile backsplash and under cabinet lighting. The primary bedroom offers a large bathroom with custom tiled shower that is handicap accessible, walk in closet and custom room darkening blinds. Enjoy fall or winter evenings in your living room by the fireplace. The large open basement offers plenty of additional storage, additional finished living space with mini split for heating and cooling. The large two car garage also has a pull down staircase for additional storage.

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