1547 Mendon Rd, Cumberland, RI, 02864 | $899/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1547 Mendon Rd, Cumberland, RI, 02864 | $899/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cumberland at 1547 Mendon Rd, Cumberland, RI, 02864 uses $102,765 cash to close to unlock $10,784/yr annual cash flow and $899/mo monthly cash flow. Total monthly income runs $2,922/mo, and a $1,517/mo payment keeps the spread at $899/mo. Purchase price stands at $310,000, and rental yield measures 11.31% with $2,922/mo rent. Return on cash invested shows 30.4% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 159.56% and total cumulative return in cash records $163,975. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,922/mo property income covering a $1,517/mo payment rather than investor’s personal income.

Single Family

Built in 1901

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

This inviting Colonial offers a wonderful blend of classic character and modern convenience, all just minutes from shopping, dining, and commuter routes. The first floor has been freshly painted and features luxury vinyl flooring, an updated kitchen with granite counters and stainless appliances, a refreshed half bath, and a spacious living room with the added convenience of in-unit laundry. Upstairs, the primary bedroom suite awaits with a vaulted ceiling, full bath with granite vanity, den, and generous closet spaceperfect for a private retreat. Other improvements include: young roof, electric, vinyl windows. Outside, enjoy a manageable fenced in yard, ideal for relaxing or gardening and plenty of parking. With its thoughtful updates and cozy layout, this home is ideal for those seeking charm and convenience.