15 Cora 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
Rental property for sale in East Greenwich at 15 Cora St, East Greenwich, RI, 02818 priced at $1,235,000 converts $5,994/mo rent into after a $6,045/mo obligation. Total monthly income equals $5,994/mo. Return on cash invested prints 14.17% in year one, and rental yield reads 5.82% against a $1,235,000 entry. Equity gained on principal adds $7,969/yr, while 5% annual appreciation compiles into $341,208 by year five. Five-year ROI reaches 72.41% and total cumulative return in cash sums $289,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,994/mo property income covering a $6,045/mo payment, not borrower’s personal income.
Single Family
Built in 2025
8,258 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: Karen Primeau • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1388184