178 Pray Hill Rd, Glocester, RI, 02814 | $255/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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178 Pray Hill Rd, Glocester, RI, 02814 | $255/mo Cash Flow | Ziffy

For Sale

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 Glocester at 178 Pray Hill Rd, Glocester, RI, 02814 offers a 8.64% rental yield on a $380,000 purchase with $2,736/mo rent. Total monthly income registers $2,736/mo, and a $1,860/mo payment leaves $255/mo available for distribution. Annual cash flow reaches $3,064/yr on $125,970 to close, and return on cash invested stands at 22.34% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 116.35% and total cumulative return in cash at $146,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,736/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1972

1.76 Acres lot

$N/A/sqft

No HOA

More details about the property

Gorgeous corner lot with lake views and nice neighbors- a perfect place for your family to grow. Just under 2 acres of mature woodland: oak, pine, spruce, maple, birch. Property ends about 15 feet from waterline: the state owns a narrow strip of land at waters edge behind this and two neighboring properties. Very seldom do you find a property listed for sale on this large, crystal-clear, freshwater lake. There's a circular driveway with a long entry for privacy and convenience, and the oldest pine tree in Rhode Island. (Okay, I might have made that up, but it's the tallest, largest pine I've ever seen- two adults can't join hands around it!) We have deer, three kinds of squirrels, chipmunks, otters, turtles, and all kinds of birds, including pileated woodpeckers, nesting hawks, geese and ducks. And fish, of course! Camp out in your own back yard- all you'll hear at night are tree frogs and crickets! The house itself is an A-frame in very poor condition: the floors and stairs are structurally sound, but years of leaky roofing, mice, and ants have taken their toll, so tear it down and use the foundation as a canvas for your dreams! Seller will consider all reasonable offers. Call or email for more information or to arrange a viewing: appointments are available every Sunday from 8-3 and as needed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02814, Chepachet, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,341 (100%)
Owner Occupied HU	2,698 (80.8%)
Renter Occupied HU	376 (11.3%)
Vacant Housing Units	267 ( 8.0%)
Median Home Value	$468,016
Average Home Value	$500,838