389 Elmdale RdScituateRI02857
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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 Scituate at 389 Elmdale Rd, Scituate, RI, 02857 uses $111,152 cash to close to unlock $760/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $2,252/mo, and a $1,641/mo payment keeps the spread at $63/mo. Purchase price stands at $335,300, and rental yield measures 8.06% with $2,252/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $92,637 over five years. Five-year ROI reaches 106.97% and total cumulative return in cash records $118,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,252/mo property income covering a $1,641/mo payment rather than investor’s personal income.
Single Family
Built in 1700
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02857, North Scituate, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,639 (100%) |
| Owner Occupied HU | 3,040 (83.5%) |
| Renter Occupied HU | 445 (12.2%) |
| Vacant Housing Units | 154 ( 4.2%) |
| Median Home Value | $479,748 |
| Average Home Value | $533,428 |
Housing Distribution
Address Breakdown
Residential
3,318
Single Family
3,258
Multi-Family
60
Businesses
253
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Listed by: The Realpro Group • REALPRO by The Water
Mls Name: StateWide MLS RI
Mls ID: #1400352