32 Exchange St #1BEast GreenwichRI02818
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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
Rental property for sale in East Greenwich at 32 Exchange St #1B, East Greenwich, RI, 02818 generates $1,800/mo in rent, after a $2,006/mo payment. Total monthly income is $1,800/mo. Return on cash invested sits at 12.18% in year one, and rental yield is 5.27% on a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 61.84% and total cumulative return in cash sums $84,028. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02818, East Greenwich, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,918 (100%) |
| Owner Occupied HU | 6,250 (70.1%) |
| Renter Occupied HU | 2,154 (24.2%) |
| Vacant Housing Units | 514 ( 5.8%) |
| Median Home Value | $616,971 |
| Average Home Value | $661,269 |
Housing Distribution
Address Breakdown
Residential
8,590
Single Family
7,838
Multi-Family
752
Businesses
1,092
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Listed by: Allen Gammons • BHHS Commonwealth Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1404243