27 Mayflower DrEast GreenwichRI02818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 27 Mayflower Dr, East Greenwich, RI, 02818 generates $7,194/mo in rent and, after a $3,666/mo payment, leaves $2,305/mo in cash flow. Total monthly income is $7,194/mo, and annual cash flow is $27,656/yr on $246,421 invested. Return on cash invested sits at 31.28% in year one, and rental yield is 11.53% on a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 164.25% and total cumulative return in cash sums $404,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,194/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.74 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Therese VEZERIDIS • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1403493