17 Meadow RdScituateRI02831
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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 Scituate at 17 Meadow Rd, Scituate, RI, 02831 offers a 9.05% rental yield on a $479,900 purchase with $3,618/mo rent. Total monthly income registers $3,618/mo, and a $2,349/mo payment leaves $485/mo available for distribution. Annual cash flow reaches $5,822/yr on $159,087 to close, and return on cash invested stands at 23.57% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,588 over five years. Portfolio math shows five-year ROI at 122.93% and total cumulative return in cash at $195,573. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,618/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02831, Hope, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,597 (100%) |
| Owner Occupied HU | 1,308 (81.9%) |
| Renter Occupied HU | 187 (11.7%) |
| Vacant Housing Units | 102 ( 6.4%) |
| Median Home Value | $595,912 |
| Average Home Value | $609,060 |
Housing Distribution
Address Breakdown
Residential
1,439
Single Family
1,439
Multi-Family
0
Businesses
98
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Listed by: James Laprey Jr. • HomeSmart First Class Realty
Mls Name: StateWide MLS RI
Mls ID: #1402788