15 Shadow Ridge DrRichmondRI02812
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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 Shadow Ridge Dr, Richmond, RI, 02812 with 5% annual appreciation on a $715,000 basis while $0/mo rent supports operations. 75% in year one. Equity gained on principal adds $4,614/yr, and five-year appreciation sums $197,541 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $3,500/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02812, Carolina, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 552 (100%) |
| Owner Occupied HU | 471 (85.3%) |
| Renter Occupied HU | 59 (10.7%) |
| Vacant Housing Units | 22 ( 4.0%) |
| Median Home Value | $474,865 |
| Average Home Value | $534,942 |
Housing Distribution
Address Breakdown
Residential
452
Single Family
452
Multi-Family
0
Businesses
28
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Listed by: Linda Alden Kaley • Lila Delman Compass
Mls Name: StateWide MLS RI
Mls ID: #1390725