37 Ridge RdEast 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
Rental property for sale in East Greenwich at 37 Ridge Rd, East Greenwich, RI, 02818 generates $3,247/mo in rent and, after a $2,178/mo payment, leaves $342/mo in cash flow. Total monthly income is $3,247/mo, and annual cash flow is $4,108/yr on $147,484 invested. Return on cash invested sits at 22.69% in year one, and rental yield is 8.76% on a $444,900 entry. Equity gained on principal adds $2,871/yr, while 5% annual appreciation builds toward $122,918 over five years. Five-year ROI reaches 118.24% and total cumulative return in cash sums $174,385. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,247/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
0.36 Acres 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: Lauren Grilli • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1402476