27 Gertrude AveRumfordRI02916
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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 Rumford at 27 Gertrude Ave, Rumford, RI, 02916 priced at $650,600 pairs $3,000/mo rent with after a $3,184/mo payment. Total monthly income equals $3,000/mo. Return on cash invested is 13.07% in year one, and rental yield stands at 5.53% on a $650,600 basis. Equity gained on principal adds $4,198/yr, and 5% annual appreciation accumulates to $179,749 by year five. Five-year ROI measures 66.6% and total cumulative return in cash reaches $142,558. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $3,184/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02916, Rumford, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,061 (100%) |
| Owner Occupied HU | 2,688 (66.2%) |
| Renter Occupied HU | 1,222 (30.1%) |
| Vacant Housing Units | 151 ( 3.7%) |
| Median Home Value | $430,359 |
| Average Home Value | $452,640 |
Housing Distribution
Address Breakdown
Residential
3,918
Single Family
3,305
Multi-Family
613
Businesses
370
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