1 Jupiter Ln #BRichmondRI02898
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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
Rental property for sale in Richmond at 1 Jupiter Ln #B, Richmond, RI, 02898 priced at $345,900 converts $3,254/mo rent into $724/mo cash flow after a $1,693/mo obligation. Total monthly income equals $3,254/mo, and annual cash flow totals $8,688/yr on $114,666 invested. Return on cash invested prints 27.49% in year one, and rental yield reads 11.29% against a $345,900 entry. Equity gained on principal adds $2,232/yr, while 5% annual appreciation compiles into $95,566 by year five. Five-year ROI reaches 144.99% and total cumulative return in cash sums $166,259. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,254/mo property income covering a $1,693/mo payment, not borrower’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
$272 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02898, Wyoming, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 757 (100%) |
| Owner Occupied HU | 648 (85.6%) |
| Renter Occupied HU | 56 ( 7.4%) |
| Vacant Housing Units | 53 ( 7.0%) |
| Median Home Value | $460,515 |
| Average Home Value | $476,169 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
115
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Listed by: Steven O'Bryan • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1400614
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.