20 Ramble RdGlocesterRI02857
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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 20 Ramble Rd, Glocester, RI, 02857 uses $149,175 cash to close to unlock $9,756/yr annual cash flow and $813/mo monthly cash flow. Total monthly income runs $3,751/mo, and a $2,203/mo payment keeps the spread at $813/mo. Purchase price stands at $450,000, and rental yield measures 10% with $3,751/mo rent. Return on cash invested shows 26.45% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 138.34% and total cumulative return in cash records $206,370. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,751/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1987
1.24 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,318
Single Family
3,258
Multi-Family
60
Businesses
253
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Listed by: Jim DeRentis • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1396595