1032 Smithfield AveLincolnRI02865
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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 Lincoln at 1032 Smithfield Ave, Lincoln, RI, 02865 offers $3,073/mo rent that, after a $3,132/mo payment. Total monthly income is $3,073/mo. Return on cash invested measures 13.77% in year one, and rental yield stands at 5.76% at a $639,900 entry. Equity gained on principal adds $4,129/yr while 5% annual appreciation compounds into $176,793 by year five. Five-year ROI records 70.31% and total cumulative return in cash reaches $148,031. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,073/mo property income versus a $3,132/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1854
0.33 Acres lot
$N/A/sqft
No HOA
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Listed by: Katie Wright • Century 21 Premier Agency
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380610
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.