117 John St APT 3LincolnRI02865
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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 APT 3, Lincoln, RI, 02865 with 5% annual appreciation on a $175,000 basis while $2,176/mo rent supports operations. Total monthly income totals $2,176/mo and a $857/mo payment preserves $627/mo for cash returns. Annual cash flow comes to $7,526/yr on $58,013 deployed, and return on cash invested reaches 32.88% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 14.92%. Five-year ROI measures 175.98% and total cumulative return in cash totals $102,091.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,176/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1973
N/A lot
$N/A/sqft
$406 monthly HOA
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Listed by: Kimberly Machado • Heritage Realty Group, LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1366638
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.