80 Proctor AveEast 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 80 Proctor Ave, East Greenwich, RI, 02818 listed at $674,000 pairs $7,194/mo rent with a $3,299/mo payment to leave $2,794/mo cash flow. Total monthly income runs $7,194/mo, and annual cash flow reaches $33,530/yr on $221,746 cash to close. Return on cash invested measures 35.18% in year one, and rental yield registers 12.81% at a $674,000 basis. Equity gained on principal adds $4,349/yr, and annual property appreciation at 5% supports $186,214 by year five. Five-year ROI tracks 185.16% and total cumulative return in cash totals $410,593. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,194/mo property income relative to a $3,299/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
10,018 sqft 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: Donovan Cassidy • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1376832
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.