362 Chapel StBurrillvilleRI02830
Nearby investment properties with comparable rents
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 Burrillville at 362 Chapel St, Burrillville, RI, 02830 priced at $399,900 converts $2,393/mo rent into after a $1,957/mo obligation. Total monthly income equals $2,393/mo. Return on cash invested prints 17.94% in year one, and rental yield reads 7.18% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 92.74% and total cumulative return in cash sums $122,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,393/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02830, Harrisville, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,785 (100%) |
| Owner Occupied HU | 2,052 (73.7%) |
| Renter Occupied HU | 598 (21.5%) |
| Vacant Housing Units | 135 ( 4.8%) |
| Median Home Value | $458,240 |
| Average Home Value | $483,901 |
Housing Distribution
Address Breakdown
Residential
2,658
Single Family
2,591
Multi-Family
67
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11417345