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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% |
Rental property for sale in Scituate at 23 Pinecrest Rd, Scituate, RI, 02857 generates $4,178/mo in rent and, after a $2,545/mo payment, leaves $784/mo in cash flow. Total monthly income is $4,178/mo, and annual cash flow is $9,404/yr on $171,080 invested. Return on cash invested sits at 25.56% in year one, and rental yield is 9.64% on a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 133.54% and total cumulative return in cash sums $228,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,178/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02857, North Scituate, RI area.
| 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 |
Residential
3,318
Single Family
3,258
Multi-Family
60
Businesses
253
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Sold | $520,000 |
| 2025-05-12 | Pending sale | $489,900 |
| 2025-05-05 | Listed for sale | $489,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | $5402.00 | 3.41% | $311,700 | N/A |
| 2023-10-13 | $5224.00 | 2.31% | $311,700 | N/A |
| 2022-10-13 | $5106.00 | 5.28% | $311,700 | 20.12% |
Listed by: Steven Rodrigues • Lamacchia Realty, Inc
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384119
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.
