1445 Old Louisquisset Pike #2B,Lincoln,RI,02865

Investment Highlights

Investment property for sale in Lincoln at 1445 Old Louisquisset Pike #2B, Lincoln, RI, 02865 offers a 8.54% rental yield on a $349,900 purchase with $2,490/mo rent. Total monthly income registers $2,490/mo, and a $1,713/mo payment leaves $206/mo available for distribution. Annual cash flow reaches $2,466/yr on $115,992 to close, and return on cash invested stands at 22.03% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 114.7% and total cumulative return in cash at $133,038. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,490/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.