25 Water St APT 101East GreenwichRI02818
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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 East Greenwich at 25 Water St APT 101, East Greenwich, RI, 02818 earns $85/mo cash flow from $2,598/mo rent with a $1,884/mo payment. Total monthly income totals $2,598/mo, and annual cash flow totals $1,022/yr on $127,628 capital. ROI tracks 20.71% on current figures, and rental yield reads 8.1% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 107.6% and total cumulative return in cash sums $137,326. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,598/mo property income instead of your personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02818, East Greenwich, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,918 (100%) |
| Owner Occupied HU | 6,250 (70.1%) |
| Renter Occupied HU | 2,154 (24.2%) |
| Vacant Housing Units | 514 ( 5.8%) |
| Median Home Value | $616,971 |
| Average Home Value | $661,269 |
Housing Distribution
Address Breakdown
Residential
8,590
Single Family
7,838
Multi-Family
752
Businesses
1,092
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Listed by: David Carty • CARTY REALTY
Mls Name: StateWide MLS RI
Mls ID: #1390390