295 Main St, Scituate, RI, 02831 | $706/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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295 Main St, Scituate, RI, 02831 | $706/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Scituate at 295 Main St, Scituate, RI, 02831 priced at $599,000 pairs $4,616/mo rent with $706/mo cash flow after a $2,932/mo payment. Total monthly income equals $4,616/mo, and annual cash flow comes to $8,468/yr on $197,071 invested. Return on cash invested is 24.36% in year one, and rental yield stands at 9.25% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 127.12% and total cumulative return in cash reaches $250,510. For financing, Ziffy Mortgage’s DSCR program evaluates $4,616/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1900

0.73 Acres lot

$N/A/sqft

No HOA

More details about the property

This extraordinary home truly has it allstorybook charm, modern updates, and a one-of-a-kind setting. From the welcoming picket-fenced entry to the soothing waterfall and picturesque stream, this property is designed to capture your heart. Inside, youll find 5 bedrooms, 2.5 baths, and 5 fireplaces spread across multiple levels of living space. The grand staircase sets the tone for a home filled with character and warmth. The kitchen is an entertainers dream, featuring stainless steel appliances, granite countertops, and an open flow into the dining area. Multiple gathering spacesincluding a sun-drenched living room, cozy reading room, and window-wrapped sunroomoffer everyone their own retreat. Even the first-floor laundry/office boasts its own fireplace, creating comfort in unexpected places. Upstairs, the primary suite is a true sanctuary, complete with a private bath, oversized walk-in closet/dressing room, and its own fireplace for the ultimate retreat. Two additional bedrooms and a full bath complete the second floor, while the third floor offers two more bedrooms, perfect for guests or flexible living. Need even more space? The partially finished loft above the garage provides endless possibilitieswhether you dream of an artists studio, a home office, or a potential ADUall with serene views of the waterfall and stream. Set on nearly of an acre in the quaint village of Hope, this home combines rural tranquility with the convenience of Western Cranston living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02831, Hope, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,597 (100%)
Owner Occupied HU	1,308 (81.9%)
Renter Occupied HU	187 (11.7%)
Vacant Housing Units	102 ( 6.4%)
Median Home Value	$595,912
Average Home Value	$609,060