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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cumberland at 15 Daniel St, Cumberland, RI, 02864 priced at $419,900 pairs $4,560/mo rent with $1,819/mo cash flow after a $2,055/mo payment. Total monthly income equals $4,560/mo, and annual cash flow comes to $21,830/yr on $139,197 invested. Return on cash invested is 35.59% in year one, and rental yield stands at 13.03% on a $419,900 basis. Equity gained on principal adds $2,710/yr, and 5% annual appreciation accumulates to $116,011 by year five. Five-year ROI measures 187.42% and total cumulative return in cash reaches $260,880. For financing, Ziffy Mortgage’s DSCR program evaluates $4,560/mo property income against a $2,055/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.71 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-09-17 | Listed for sale | $419,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $4174.00 | -3.49% | $359,200 | 24.51% |
| 2022-10-14 | $4325.00 | 1.72% | $288,500 | N/A |
| 2021-10-14 | $4252.00 | 2.93% | $288,500 | N/A |
Listed by: Dave Serpa • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1368804
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 State-Wide MLS, Inc. All rights reserved.
