25 Water St APT 102East 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
Rental property for sale in East Greenwich at 25 Water St APT 102, East Greenwich, RI, 02818 generates $2,690/mo in rent and, after a $1,199/mo payment, leaves $665/mo in cash flow. Total monthly income is $2,690/mo, and annual cash flow is $7,978/yr on $81,218 invested. Return on cash invested sits at 29.73% in year one, and rental yield is 13.18% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 158.24% and total cumulative return in cash sums $128,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,690/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
$426 monthly 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: Dean Benjamin • RE/MAX Professionals
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1329964
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.