3 Big River RdWest GreenwichRI02817
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Nearby investment properties with comparable prices
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 West Greenwich at 3 Big River Rd, West Greenwich, RI, 02817 priced at $850,000 converts $5,656/mo rent into $108/mo cash flow after a $4,160/mo obligation. Total monthly income equals $5,656/mo, and annual cash flow totals $1,292/yr on $279,650 invested. Return on cash invested prints 20.52% in year one, and rental yield reads 7.98% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 106.54% and total cumulative return in cash sums $297,946. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,656/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02817, West Greenwich, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,617 (100%) |
| Owner Occupied HU | 2,085 (79.7%) |
| Renter Occupied HU | 435 (16.6%) |
| Vacant Housing Units | 97 ( 3.7%) |
| Median Home Value | $534,980 |
| Average Home Value | $554,369 |
Housing Distribution
Address Breakdown
Residential
2,568
Single Family
2,568
Multi-Family
0
Businesses
123
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Listed by: LP Bond Group • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1390136