15 Jupiter Ln UNIT ARichmondRI02898
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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 Richmond at 15 Jupiter Ln UNIT A, Richmond, RI, 02898 uses $119,307 cash to close to unlock $9,770/yr annual cash flow and $814/mo monthly cash flow. Total monthly income runs $3,164/mo, and a $1,762/mo payment keeps the spread at $814/mo. Purchase price stands at $359,900, and rental yield measures 10.55% with $3,164/mo rent. Return on cash invested shows 28.1% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 147.23% and total cumulative return in cash records $175,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,164/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02898, Wyoming, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 757 (100%) |
| Owner Occupied HU | 648 (85.6%) |
| Renter Occupied HU | 56 ( 7.4%) |
| Vacant Housing Units | 53 ( 7.0%) |
| Median Home Value | $460,515 |
| Average Home Value | $476,169 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
115
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Listed by: Alpern & Mesenbourg Group • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1393983