607 Elmdale Rd, Scituate, RI, 02857 | $63/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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607 Elmdale Rd, Scituate, RI, 02857 | $63/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Scituate at 607 Elmdale Rd, Scituate, RI, 02857 offers a 8.05% rental yield on a $350,000 purchase with $2,348/mo rent. Total monthly income registers $2,348/mo, and a $1,713/mo payment leaves $63/mo available for distribution. Annual cash flow reaches $760/yr on $116,025 to close, and return on cash invested stands at 20.56% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 106.81% and total cumulative return in cash at $123,926. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,348/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

0.85 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this cozy split-level home in charming Scituate. Surprisingly spacious offering three bedrooms and two full bathrooms, this home is ready for a new steward. The living room offers a cozy fireplace, creating a warm and inviting gathering space. The heating system has been recently updated, the roof is young, and the exterior vinyl siding ensures low maintenance and little upkeep. Situated on a generous corner lot of nearly an acre, the property offers ample room for outdoor activities, expansion, or future projects. Conveniently located near Route 6, 295 and the Amazon Warehouse, this home combines accessibility with space and potential, ready for a new owner to bring their personal updates and style.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02857, North Scituate, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,639 (100%)
Owner Occupied HU	3,040 (83.5%)
Renter Occupied HU	445 (12.2%)
Vacant Housing Units	154 ( 4.2%)
Median Home Value	$479,748
Average Home Value	$533,428