242 Putnam PikeGlocesterRI02814
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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 242 Putnam Pike, Glocester, RI, 02814 earns $467/mo cash flow from $2,425/mo rent with a $1,468/mo payment. Total monthly income totals $2,425/mo, and annual cash flow totals $5,606/yr on $99,417 capital. ROI tracks 25.55% on current figures, and rental yield reads 9.7% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 133.58% and total cumulative return in cash sums $132,796. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,425/mo property income instead of your personal income.
Single Family
Built in 1940
0.48 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
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Listed by: The Chris Woodard Team • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1394220