290 Cooper LnEast 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 290 Cooper Ln, East Greenwich, RI, 02818 priced at $312,000 pairs $2,700/mo rent with $663/mo cash flow after a $1,527/mo payment. Total monthly income equals $2,700/mo, and annual cash flow comes to $7,961/yr on $103,428 invested. Return on cash invested is 27.61% in year one, and rental yield stands at 10.38% on a $312,000 basis. Equity gained on principal adds $2,013/yr, and 5% annual appreciation accumulates to $86,200 by year five. Five-year ROI measures 144.59% and total cumulative return in cash reaches $149,543. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $1,527/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2010
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: Renee Fallon • RE/MAX Professionals
Mls Name: StateWide MLS RI
Mls ID: #1391728