33 Beach RdGlocesterRI02814
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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 Glocester at 33 Beach Rd, Glocester, RI, 02814 generates $1,251/mo in rent and, after a $783/mo payment, leaves $207/mo in cash flow. Total monthly income is $1,251/mo, and annual cash flow is $2,482/yr on $53,007 invested. Return on cash invested sits at 24.59% in year one, and rental yield is 9.39% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 128.42% and total cumulative return in cash sums $68,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,251/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02814, Chepachet, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
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Listed by: Ralph Bello • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1403475