136 Duke StEast 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 136 Duke St, East Greenwich, RI, 02818 uses $246,750 cash to close to unlock $27,576/yr annual cash flow and $2,298/mo monthly cash flow. Total monthly income runs $7,194/mo, and a $3,671/mo payment keeps the spread at $2,298/mo. Purchase price stands at $750,000, and rental yield measures 11.51% with $7,194/mo rent. Return on cash invested shows 31.24% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 163.99% and total cumulative return in cash records $404,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,194/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Multi Family
Built in 1940
7,840 sqft 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: Kyle Seyboth • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1398911