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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Glocester at 2 Roberge Way, Glocester, RI, 02814 offers a 13.25% rental yield on a $210,000 purchase with $2,318/mo rent. Total monthly income registers $2,318/mo, and a $1,028/mo payment leaves $947/mo available for distribution. Annual cash flow reaches $11,364/yr on $69,615 to close, and return on cash invested stands at 36.23% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 190.81% and total cumulative return in cash at $132,832. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,318/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02814, Chepachet, RI area.
| 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 |
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
Date | Event | Price |
|---|---|---|
| 2025-09-30 | Sold | $210,000 |
| 2025-08-15 | Pending sale | $209,900 |
| 2025-08-12 | Price change | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $2094.00 | -2.74% | $151,100 | N/A |
| 2023-10-11 | $2153.00 | -7.99% | $151,100 | 20.69% |
| 2022-10-11 | $2340.00 | 1.34% | $125,200 | N/A |
Listed by: Wendie Fillmore-Palermo • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1389250
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
