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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 388 Chopmist Hill Rd, Glocester, RI, 02814 offers $2,137/mo rent that, after a $1,415/mo payment, leaves $250/mo cash flow. Total monthly income is $2,137/mo, and annual cash flow is $3,000/yr on $95,804 cash. Return on cash invested measures 23.04% in year one, and rental yield stands at 8.87% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Five-year ROI records 120.06% and total cumulative return in cash reaches $115,022. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,137/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
1.21 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-04-24 | Listed for sale | $289,000 |
| 2022-07-27 | Sold | $245,000 |
| 2020-12-22 | Sold | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $3021.00 | -2.77% | $218,000 | N/A |
| 2023-04-30 | $3107.00 | 20.89% | $218,000 | 58.55% |
| 2022-04-30 | $2570.00 | 1.34% | $137,500 | N/A |
Listed by: Lucy Reid • United Properties/Davida Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381357
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.
