37 Eagle Run #37BEast 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
Investment property for sale in East Greenwich at 37 Eagle Run #37B, East Greenwich, RI, 02818 uses $129,252 cash to close to unlock $3,926/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $2,872/mo, and a $1,908/mo payment keeps the spread at $327/mo. Purchase price stands at $389,900, and rental yield measures 8.84% with $2,872/mo rent. Return on cash invested shows 22.95% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 119.61% and total cumulative return in cash records $154,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,872/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Townhouse
Built in 1983
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: Slocum Home Team • eXp Realty
Mls Name: StateWide MLS RI
Mls ID: #1402643