14 Waterview AveRiversideRI02915
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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 Riverside at 14 Waterview Ave, Riverside, RI, 02915 generates $2,479/mo in rent, after a $3,549/mo payment. Total monthly income is $2,479/mo. Return on cash invested sits at 8.72% in year one, and rental yield is 4.1% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 43.26% and total cumulative return in cash sums $103,181. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,479/mo property income rather than buyer’s personal income.
Multi Family
Built in 1909
17.42 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02915, Riverside, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,920 (100%) |
| Owner Occupied HU | 5,256 (58.9%) |
| Renter Occupied HU | 3,146 (35.3%) |
| Vacant Housing Units | 518 ( 5.8%) |
| Median Home Value | $379,754 |
| Average Home Value | $408,823 |
Housing Distribution
Address Breakdown
Residential
8,054
Single Family
6,873
Multi-Family
1,181
Businesses
426
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Listed by: Mark Raymond • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1396554