117 John St #30LincolnRI02865
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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 Lincoln at 117 John St #30, Lincoln, RI, 02865 uses $63,648 cash to close to unlock $5,657/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $2,219/mo, and a $940/mo payment keeps the spread at $471/mo. Purchase price stands at $192,000, and rental yield measures 13.87% with $2,219/mo rent. Return on cash invested shows 28.8% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 154.36% and total cumulative return in cash records $98,248. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,219/mo property income covering a $940/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$494 monthly HOA
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Listed by: Michelle Savastano • Broadway Real Estate Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370335
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 2024 State-Wide MLS, Inc. All rights reserved.