21 Cedar Ridge LnWest GreenwichRI02817
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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 West Greenwich at 21 Cedar Ridge Ln, West Greenwich, RI, 02817 offers a 6.45% rental yield on a $649,900 purchase with $3,493/mo rent. 85% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,555 over five years. Portfolio math shows five-year ROI at 81.52% and total cumulative return in cash at $174,294. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,493/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
1,907 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02817, West Greenwich, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,617 (100%) |
| Owner Occupied HU | 2,085 (79.7%) |
| Renter Occupied HU | 435 (16.6%) |
| Vacant Housing Units | 97 ( 3.7%) |
| Median Home Value | $534,980 |
| Average Home Value | $554,369 |
Housing Distribution
Address Breakdown
Residential
2,568
Single Family
2,568
Multi-Family
0
Businesses
123
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Listed by: Stephen Gaskin • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1394247