464-466 Chapel StBurrillvilleRI02830
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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 Burrillville at 464-466 Chapel St, Burrillville, RI, 02830 uses $149,142 cash to close to unlock $9,770/yr annual cash flow and $814/mo monthly cash flow. Total monthly income runs $3,751/mo, and a $2,202/mo payment keeps the spread at $814/mo. Purchase price stands at $449,900, and rental yield measures 10% with $3,751/mo rent. Return on cash invested shows 26.46% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 138.43% and total cumulative return in cash records $206,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,751/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Multi Family
Built in 1790
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02830, Harrisville, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,785 (100%) |
| Owner Occupied HU | 2,052 (73.7%) |
| Renter Occupied HU | 598 (21.5%) |
| Vacant Housing Units | 135 ( 4.8%) |
| Median Home Value | $458,240 |
| Average Home Value | $483,901 |
Housing Distribution
Address Breakdown
Residential
2,658
Single Family
2,591
Multi-Family
67
Businesses
118
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Listed by: Robin Pastore • CENTURY 21 Gonsalves - Pastore
Mls Name: StateWide MLS RI
Mls ID: #1398491