45 Burns WayEast GreenwichRI02818
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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 East Greenwich at 45 Burns Way, East Greenwich, RI, 02818 offers $7,654/mo rent that, after a $7,743/mo payment. Total monthly income is $7,654/mo. Return on cash invested measures 14.11% in year one, and rental yield stands at 5.81% at a $1,582,000 entry. Equity gained on principal adds $10,208/yr while 5% annual appreciation compounds into $437,077 by year five. Five-year ROI records 72.12% and total cumulative return in cash reaches $369,652. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,654/mo property income versus a $7,743/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02818, East Greenwich, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,918 (100%) |
| Owner Occupied HU | 6,250 (70.1%) |
| Renter Occupied HU | 2,154 (24.2%) |
| Vacant Housing Units | 514 ( 5.8%) |
| Median Home Value | $616,971 |
| Average Home Value | $661,269 |
Housing Distribution
Address Breakdown
Residential
8,590
Single Family
7,838
Multi-Family
752
Businesses
1,092
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Listed by: Lisa Pisaturo • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386269
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.