922-924 Plainfield PikeScituateRI02857
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 Scituate at 922-924 Plainfield Pike, Scituate, RI, 02857 generates $3,644/mo in rent and, after a $2,006/mo payment, leaves $969/mo in cash flow. Total monthly income is $3,644/mo, and annual cash flow is $11,622/yr on $135,882 invested. Return on cash invested sits at 28.46% in year one, and rental yield is 10.67% on a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 149.17% and total cumulative return in cash sums $202,696. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,644/mo property income rather than buyer’s personal income.
Multi Family
Built in 1935
2.50 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,318
Single Family
3,258
Multi-Family
60
Businesses
253
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Listed by: Janet Audet • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1401419