151 Willett Ave #5RiversideRI02915
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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 151 Willett Ave #5, Riverside, RI, 02915 generates $2,479/mo in rent and, after a $1,248/mo payment, leaves $815/mo in cash flow. Total monthly income is $2,479/mo, and annual cash flow is $9,776/yr on $84,499 invested. Return on cash invested sits at 31.48% in year one, and rental yield is 11.67% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 165.36% and total cumulative return in cash sums $139,728. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,479/mo property income rather than buyer’s personal income.
Townhouse
Built in 1990
N/A 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: Miguel Camara • Re/Max Real Estate Center
Mls Name: StateWide MLS RI
Mls ID: #1400033