60 Salisbury RdGlocesterRI02814
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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 Glocester at 60 Salisbury Rd, Glocester, RI, 02814 priced at $549,900 converts $3,360/mo rent into after a $2,691/mo obligation. Total monthly income equals $3,360/mo. Return on cash invested prints 18.54% in year one, and rental yield reads 7.33% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 95.91% and total cumulative return in cash sums $173,522. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 1960
10,018 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
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Listed by: Jeremy Bailey • SkyView Realty
Mls Name: StateWide MLS RI
Mls ID: #1403435