55 Vine StEast 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
Investment property for sale in East Greenwich at 55 Vine St, East Greenwich, RI, 02818 with 5% annual appreciation on a $525,000 basis while $4,324/mo rent supports operations. Total monthly income totals $4,324/mo and a $2,570/mo payment preserves $897/mo for cash returns. Annual cash flow comes to $10,758/yr on $172,725 deployed, and return on cash invested reaches 26.29% in year one. Equity gained on principal adds $3,388/yr, and five-year appreciation sums $145,048 alongside rental yield of 9.88%. Five-year ROI measures 137.47% and total cumulative return in cash totals $237,453.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,324/mo property income versus a $2,570/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2012
N/A 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: Lauren Swanson • RE/MAX Professionals
Mls Name: StateWide MLS RI
Mls ID: #1400335