41 Pierce RdSaunderstownRI02874
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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 Saunderstown at 41 Pierce Rd, Saunderstown, RI, 02874 offers $3,480/mo rent that, after a $2,251/mo payment, leaves $478/mo cash flow. Total monthly income is $3,480/mo, and annual cash flow is $5,734/yr on $152,457 cash. Return on cash invested measures 23.67% in year one, and rental yield stands at 9.08% at a $459,900 entry. Equity gained on principal adds $2,968/yr while 5% annual appreciation compounds into $127,062 by year five. Five-year ROI records 123.45% and total cumulative return in cash reaches $188,202. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,480/mo property income versus a $2,251/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02874, Saunderstown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,414 (100%) |
| Owner Occupied HU | 1,907 (79.0%) |
| Renter Occupied HU | 271 (11.2%) |
| Vacant Housing Units | 236 ( 9.8%) |
| Median Home Value | $652,843 |
| Average Home Value | $725,960 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,427
Multi-Family
0
Businesses
88
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Listed by: Donna Castellone • Williams & Stuart Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1398356