21 Laurel Dr, Glocester, RI, 02814 | 5.77% Rental Yield

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21 Laurel Dr, Glocester, RI, 02814 | 5.77% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Glocester at 21 Laurel Dr, Glocester, RI, 02814 priced at $699,000 pairs $3,360/mo rent with after a $3,421/mo payment. Total monthly income equals $3,360/mo. Return on cash invested is 13.78% in year one, and rental yield stands at 5.77% on a $699,000 basis. Equity gained on principal adds $4,511/yr, and 5% annual appreciation accumulates to $193,121 by year five. Five-year ROI measures 70.42% and total cumulative return in cash reaches $161,954. For financing, Ziffy Mortgage’s DSCR program evaluates $3,360/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2014

0.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your dream home on the water! This stunning 3-bedroom, 2.5-bath Colonial is tucked away in a quiet cove on Keach Pond, offering peaceful lakefront viewsideal for year-round living or weekend getaways. Built in 2014, the home boasts gleaming hardwood floors, granite countertops, central air, and a sunlit open layout perfect for relaxing or entertaining. Step outside to a beautifully manicured yard, ideal for gatherings, cookouts, or simply soaking in the tranquil scenery, while a full walk-out basement offers potential for future expansion. Enjoy added peace of mind with an automatic whole-home generator and ample guest parking. Whether you're sipping coffee on the deck or enjoying boating, fishing, tubing, paddleboarding, swimming, kayaking, or sunset cruises, this property truly captures the best of waterfront living. Dont miss your chance to own this exceptional home on Keach Pond. Schedule your private showing today!

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