142 Bates TrlWest GreenwichRI02817
INVESTMENT ANALYSIS
Investment Verdict
Solid Income142 Bates Trl, West Greenwich, RI, 02817 in West Greenwich is a solid income-producing rental, 8.65% gross yield, $5,766/mo rent, $544/mo net cash flow on a $800,000 buy. DSCR 1.60 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $221,025 and $7,368/yr in principal reduction project a total cumulative return of $339,571.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.2% |
| Monthly Cash Flow | $544 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,766 |
| Total Monthly Debt Service | $4,904 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2014
2.45 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,568
Single Family
2,568
Multi-Family
0
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2014
2.45 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,568
Single Family
2,568
Multi-Family
0
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: StateWide MLS RI
Mls ID: #1408335