389 Elmdale Rd, Scituate, RI, 02857 | $1,184/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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389 Elmdale Rd, Scituate, RI, 02857 | $1,184/mo Cash Flow | Ziffy

For Sale

Currently Rented

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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278 Central Pike, Scituate, RI, 02857

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ROI

Cash Flow/m

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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

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Investment Highlights

Investment property for sale in Scituate at 389 Elmdale Rd, Scituate, RI, 02857 uses $116,025 cash to close to unlock $14,212/yr annual cash flow and $1,184/mo monthly cash flow. Total monthly income runs $3,469/mo, and a $1,713/mo payment keeps the spread at $1,184/mo. Purchase price stands at $350,000, and rental yield measures 11.89% with $3,469/mo rent. Return on cash invested shows 32.16% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 168.99% and total cumulative return in cash records $196,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,469/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in 1700

1.20 Acres lot

$N/A/sqft

No HOA

More details about the property

Property being sold sight sight-unseen and as-is. No interior access will be granted due to home being occupied, and showings are strictly prohibited. Condition of interior and systems is unknown. Buyer responsible for all due diligence and any post-closing occupancy matters. Excellent opportunity for investors seeking a project with strong potential. Property will be included the next Auction. Buyers must sign up and place bids. All auction properties are subject to a 5% buyer's premium pursuant to the Event Agreement and Auction Terms & Conditions minimums will apply. Buyers and buyer's agent to verify any and all info. Occupants are not to be disturbed. This property is being sold with occupants and may require additional considerations.

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