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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Glocester at 989 Putnam Pike, Glocester, RI, 02814 listed at $424,900 pairs $3,044/mo rent with a $2,080/mo payment to leave $270/mo cash flow. Total monthly income runs $3,044/mo, and annual cash flow reaches $3,240/yr on $140,854 cash to close. Return on cash invested measures 22.21% in year one, and rental yield registers 8.6% at a $424,900 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,392 by year five. Five-year ROI tracks 115.62% and total cumulative return in cash totals $162,849. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,044/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02814, Chepachet, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,341 (100%) |
| Owner Occupied HU | 2,698 (80.8%) |
| Renter Occupied HU | 376 (11.3%) |
| Vacant Housing Units | 267 ( 8.0%) |
| Median Home Value | $468,016 |
| Average Home Value | $500,838 |
Residential
2,889
Single Family
2,881
Multi-Family
8
Businesses
163
Date | Event | Price |
|---|---|---|
| 2025-09-02 | Listed for sale | $424,900 |
| 2018-02-27 | Sold | $233,000 |
| 2018-01-25 | Pending sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-14 | $4452.00 | -2.73% | $321,200 | N/A |
| 2023-09-14 | $4577.00 | 11.20% | $321,200 | 45.87% |
| 2022-09-14 | $4116.00 | 1.38% | $220,200 | N/A |
Listed by: Greg Coupe • Long Realty, Inc.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1394104
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.
