845 Main StEast 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 845 Main St, East Greenwich, RI, 02818 at $769,000 posts ROI 30.37% with $2,174/mo cash flow from $7,194/mo rent. Total monthly income equals $7,194/mo, and annual cash flow records $26,088/yr on $253,001 to close. Return on cash invested measures 30.37% and rental yield reads 11.23% at the current $769,000. Equity gained on principal adds $4,962/yr, and 5% annual appreciation supports $212,461 by year five. Five-year ROI prints 159.35% and total cumulative return in cash totals $403,159.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,194/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1910
4,874 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: Amy Doorley-Lucas • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1385847
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.