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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cumberland at 48 Cook Rd, Cumberland, RI, 02864 priced at $649,900 converts $4,787/mo rent into $545/mo cash flow after a $3,181/mo obligation. Total monthly income equals $4,787/mo, and annual cash flow totals $6,534/yr on $213,817 invested. Return on cash invested prints 23.12% in year one, and rental yield reads 8.84% against a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,555 by year five. Five-year ROI reaches 120.46% and total cumulative return in cash sums $257,562. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,787/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1965
4.10 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2020-10-12 | Listing removed | N/A |
| 2020-08-27 | Listed for sale | N/A |
| 2020-02-26 | Sold | $229,192 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $5559.00 | 5.91% | $478,400 | 36.61% |
| 2022-10-14 | $5249.00 | 1.69% | $350,200 | N/A |
| 2021-10-14 | $5162.00 | 0.00% | $350,200 | N/A |
What's Special
Attic Stairs
Listed by: Marilyn Bennett • Salzberg Real Estate Agency
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1356447
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 2024 State-Wide MLS, Inc. All rights reserved.
