2970 Mendon Rd APT 160CumberlandRI02864
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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
Investment property for sale in Cumberland at 2970 Mendon Rd APT 160, Cumberland, RI, 02864 listed at $500,000 pairs $3,554/mo rent with a $2,447/mo payment. Total monthly income runs $3,554/mo. Return on cash invested measures 19.19% in year one, and rental yield registers 8.53% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 100.44% and total cumulative return in cash totals $166,484. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,554/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1979
N/A lot
$N/A/sqft
$390 monthly HOA
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Listed by: Marsh Luiz Group • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386870
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.