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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Chepachet at 31 Overlook Ln, Chepachet, RI, 02814 listed at $510,000 pairs $3,623/mo rent with a $2,496/mo payment. Total monthly income runs $3,623/mo. Return on cash invested measures 19.45% in year one, and rental yield registers 8.52% at a $510,000 basis. Equity gained on principal adds $3,291/yr, and annual property appreciation at 5% supports $140,904 by year five. Five-year ROI tracks 101.74% and total cumulative return in cash totals $170,715. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,623/mo property income relative to a $2,496/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
N/A lot
$N/A/sqft
$380 monthly HOA
Neighborhood data shown for ZIP Code: 02814, Chepachet, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,341 (100%) |
| Owner Occupied HU | 2,698 (80.8%) |
| Renter Occupied HU | 376 (11.3%) |
| Vacant Housing Units | 267 ( 8.0%) |
| Median Home Value | $468,016 |
| Average Home Value | $500,838 |
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
Date | Event | Price |
|---|---|---|
| 2024-07-03 | Listed for sale | $510,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Adam Wilks • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1351825
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 2024 State-Wide MLS, Inc. All rights reserved.
