32 Rosemere DrEast ProvidenceRI02914
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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 East Providence at 32 Rosemere Dr, East Providence, RI, 02914 priced at $349,900 converts $2,327/mo rent into $43/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,327/mo, and annual cash flow totals $510/yr on $115,992 invested. Return on cash invested prints 20.35% in year one, and rental yield reads 7.98% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 105.65% and total cumulative return in cash sums $122,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,327/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1951
7,845 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02914, East Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 5,043 (50.6%) |
| Renter Occupied HU | 4,395 (44.1%) |
| Vacant Housing Units | 533 ( 5.3%) |
| Median Home Value | $380,205 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
7,745
Multi-Family
1,584
Businesses
946
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Listed by: Kyle Pacia • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1389282