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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Glocester at 37 Hemlock Rd, Glocester, RI, 02814 generates $2,544/mo in rent and, after a $974/mo payment, leaves $720/mo in cash flow. Total monthly income is $2,544/mo, and annual cash flow is $8,640/yr on $65,969 invested. Return on cash invested sits at 33.01% in year one, and rental yield is 15.34% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 176.97% and total cumulative return in cash sums $116,742. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,544/mo property income rather than buyer’s personal income.
Manufactured
Built in 2015
N/A lot
$N/A/sqft
$525 monthly HOA
Neighborhood data shown for ZIP Code: 02814, Chepachet, RI area.
| 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 |
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Sold | $199,000 |
| 2025-06-05 | Pending sale | $199,000 |
| 2025-05-14 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $1835.00 | -2.76% | $132,400 | N/A |
| 2023-10-25 | $1887.00 | 9.39% | $132,400 | 43.45% |
| 2022-10-25 | $1725.00 | 3.23% | $92,300 | 1.88% |
Listed by: Cheryl Sampson • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1385035
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
