193 Lake Washington DrGlocesterRI02814
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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 Glocester at 193 Lake Washington Dr, Glocester, RI, 02814 at $589,000 posts ROI 15.12% with from $3,047/mo rent. Total monthly income equals $3,047/mo. Return on cash invested measures 15.12% and rental yield reads 6.21% at the current $589,000. Equity gained on principal adds $3,801/yr, and 5% annual appreciation supports $162,730 by year five. Five-year ROI prints 77.56% and total cumulative return in cash totals $150,302. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,047/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
1.15 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
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Listed by: Cheryl Sampson • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1395210