187 Plainfield Pike, Scituate, RI, 02857 | 2.37% Rental Yield

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187 Plainfield Pike, Scituate, RI, 02857 | 2.37% Rental Yield | 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 Scituate at 187 Plainfield Pike, Scituate, RI, 02857 earns from $1,440/mo rent with a $3,573/mo payment. Total monthly income totals $1,440/mo. ROI tracks 3.45% on current figures, and rental yield reads 2.37% at a $729,900 purchase. Equity gained on principal adds $4,710/yr, and 5% annual appreciation supports $201,658 over five years. Five-year ROI reaches 14.98% and total cumulative return in cash sums $35,983. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,440/mo property income instead of your personal income.

Single Family

Built in 2006

3.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Rare Opportunity! This sprawling raised ranch with a full in-law suite offers exceptional space, flexibility, and quality finishes throughout. Built in 2006, the main level features an open-concept layout with vaulted ceilings, hardwood floors, a gas fireplace, and a spacious kitchenperfect for entertaining. Three generous bedrooms include a primary suite with a private bath and ample closet space. The fully finished lower level offers private in-law accommodations with its own walk-out access to the backyard. Enjoy a second primary suite with a jacuzzi tub, an additional full bath with stand-up shower, a home office, and a Corian kitchen complete with a new refrigerator and Bosch dishwasher. A second gas fireplace adds warmth and charm. Outside, youll find a large, private yard, an above-ground pool, and a two-car garage. No detail was overlooked when this home was thoughtfully builtdon't miss this unique opportunity! Subject to Seller to finding suitable housing

Neighborhood Data

Neighborhood data shown for ZIP Code: 02857, North Scituate, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,639 (100%)
Owner Occupied HU	3,040 (83.5%)
Renter Occupied HU	445 (12.2%)
Vacant Housing Units	154 ( 4.2%)
Median Home Value	$479,748
Average Home Value	$533,428