45 Joe Sweet Rd, Glocester, RI, 02814 | $1,078/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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45 Joe Sweet Rd, Glocester, RI, 02814 | $1,078/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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 Glocester at 45 Joe Sweet Rd, Glocester, RI, 02814 at $399,000 posts ROI 29.69% with $1,078/mo cash flow from $3,683/mo rent. Total monthly income equals $3,683/mo, and annual cash flow records $12,940/yr on $132,269 to close. Return on cash invested measures 29.69% and rental yield reads 11.08% at the current $399,000. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 by year five. Five-year ROI prints 155.76% and total cumulative return in cash totals $206,018.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,683/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1983

8 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover endless potential with this single-level ranch set on 8 private acresa rare find offering space, versatility, and future opportunity. This 3-bedroom, 2-bath home features an inviting layout ideal for those ready to personalize and make it their own. The main level offers comfortable single-floor living, while the finished lower level provides extra living space. The current layout offers excellent in-law potential or additional living space for family or guests The home itself is ready for updates, allowing you to bring your vision to life and create your dream property in one of Rhode Islands most desirable settings. Outside, the expansive 8-acre lot delivers both privacy and promisewith the possibility of a sub dividable parcel for a future buildable lot (buyer to perform due diligence). Whether youre seeking a peaceful retreat, multi-generational living, or an investment with long-term upside, this property offers endless opportunities. Enjoy tranquil surroundings and the flexibility to growall within easy reach of local conveniences.. A truly unique offering with privacy, potential, and promise all in one.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02814, Chepachet, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,341 (100%)
Owner Occupied HU	2,698 (80.8%)
Renter Occupied HU	376 (11.3%)
Vacant Housing Units	267 ( 8.0%)
Median Home Value	$468,016
Average Home Value	$500,838