75 Bow StEast GreenwichRI02818
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
Rental property for sale in East Greenwich at 75 Bow St, East Greenwich, RI, 02818 priced at $1,175,000 converts $5,291/mo rent into after a $5,751/mo obligation. Total monthly income equals $5,291/mo. Return on cash invested prints 12.87% in year one, and rental yield reads 5.4% against a $1,175,000 entry. Equity gained on principal adds $7,582/yr, while 5% annual appreciation compiles into $324,631 by year five. Five-year ROI reaches 65.45% and total cumulative return in cash sums $249,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,291/mo property income covering a $5,751/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.87 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Mita Team • Flagship Real Estate Advisors
Mls Name: StateWide MLS RI
Mls ID: #1398819