60 West DrRumfordRI02916
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rumford at 60 West Dr, Rumford, RI, 02916 offers a 21.27% rental yield on a $125,000 purchase with $2,216/mo rent. Total monthly income registers $2,216/mo, and a $612/mo payment leaves $1,400/mo available for distribution. Annual cash flow reaches $16,798/yr on $41,438 to close, and return on cash invested stands at 60.45% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 320.71% and total cumulative return in cash at $132,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,216/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02916, Rumford, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,061 (100%) |
| Owner Occupied HU | 2,688 (66.2%) |
| Renter Occupied HU | 1,222 (30.1%) |
| Vacant Housing Units | 151 ( 3.7%) |
| Median Home Value | $430,359 |
| Average Home Value | $452,640 |
Housing Distribution
Address Breakdown
Residential
3,918
Single Family
3,305
Multi-Family
613
Businesses
370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Garry Morin • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1395543