40 Hicks WayScituateRI02825
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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 40 Hicks Way, Scituate, RI, 02825 listed at $584,900 pairs $0/mo rent with a $2,863/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -3.75% in year one, and rental yield registers 0% at a $584,900 basis. Equity gained on principal adds $3,774/yr, and annual property appreciation at 5% supports $161,597 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,863/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
5.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02825, Foster, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,089 (100%) |
| Owner Occupied HU | 1,820 (87.1%) |
| Renter Occupied HU | 180 ( 8.6%) |
| Vacant Housing Units | 89 ( 4.3%) |
| Median Home Value | $480,296 |
| Average Home Value | $519,391 |
Housing Distribution
Address Breakdown
Residential
2,076
Single Family
2,076
Multi-Family
0
Businesses
85
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No similar rental properties found nearby.
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Listed by: Rachael Gifford • The Neighborhood Realty Group
Mls Name: StateWide MLS RI
Mls ID: #1393542