1932 Victory HwyBurrillvilleRI02858
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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 Burrillville at 1932 Victory Hwy, Burrillville, RI, 02858 uses $99,119 cash to close to unlock $2,300/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $2,143/mo, and a $1,463/mo payment keeps the spread at $192/mo. Purchase price stands at $299,000, and rental yield measures 8.6% with $2,143/mo rent. Return on cash invested shows 22.23% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 115.74% and total cumulative return in cash records $114,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,143/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1793
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02858, Oakland, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 279 (100%) |
| Owner Occupied HU | 215 (77.1%) |
| Renter Occupied HU | 51 (18.3%) |
| Vacant Housing Units | 13 ( 4.7%) |
| Median Home Value | $438,514 |
| Average Home Value | $461,977 |
Housing Distribution
Address Breakdown
Residential
219
Single Family
219
Multi-Family
0
Businesses
13
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Listed by: The Stearns McGee Team • RE/MAX Properties
Mls Name: StateWide MLS RI
Mls ID: #1390446