15 Mayflower DrCumberlandRI02864
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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 Cumberland at 15 Mayflower Dr, Cumberland, RI, 02864 at $799,900 posts ROI 24.25% with $919/mo cash flow from $6,140/mo rent. Total monthly income equals $6,140/mo, and annual cash flow records $11,022/yr on $263,167 to close. Return on cash invested measures 24.25% and rental yield reads 9.21% at the current $799,900. Equity gained on principal adds $5,162/yr, and 5% annual appreciation supports $220,998 by year five. Five-year ROI prints 126.53% and total cumulative return in cash totals $332,988.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,140/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
0.75 Acres lot
$N/A/sqft
No HOA
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Listed by: The Hometown Experts Team • RE/MAX Town & Country
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1369666
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.