2970 Mendon Rd APT 2CumberlandRI02864
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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
Total monthly income runs $2,045/mo, and a $1,757/mo payment. Purchase price stands at $359,000, and rental yield measures 6.84% with $2,045/mo rent. Return on cash invested shows 12.97% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 67.5% and total cumulative return in cash records $80,335. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,045/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Townhouse
Built in 1979
N/A lot
$N/A/sqft
$390 monthly HOA
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Listed by: Kim Correia • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381343
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.