287 Tomaquag RdAshawayRI02804
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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 Ashaway at 287 Tomaquag Rd, Ashaway, RI, 02804 generates $3,970/mo in rent, after a $3,079/mo payment. Total monthly income is $3,970/mo. Return on cash invested sits at 19.27% in year one, and rental yield is 7.57% on a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 99.84% and total cumulative return in cash sums $206,601. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,970/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
1.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02804, Ashaway, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,325 (100%) |
| Owner Occupied HU | 1,052 (79.4%) |
| Renter Occupied HU | 181 (13.7%) |
| Vacant Housing Units | 92 ( 6.9%) |
| Median Home Value | $409,932 |
| Average Home Value | $525,038 |
Housing Distribution
Address Breakdown
Residential
1,063
Single Family
1,063
Multi-Family
0
Businesses
91
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Listed by: Jeanne Fellows Grills • William Raveis Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1393963