151 Willett Ave APT 2RiversideRI02915
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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 Riverside at 151 Willett Ave APT 2, Riverside, RI, 02915 listed at $259,900 pairs $1,845/mo rent with a $1,272/mo payment to leave $149/mo cash flow. Total monthly income runs $1,845/mo, and annual cash flow reaches $1,782/yr on $86,157 cash to close. Return on cash invested measures 21.98% in year one, and rental yield registers 8.52% at a $259,900 basis. Equity gained on principal adds $1,677/yr, and annual property appreciation at 5% supports $71,806 by year five. Five-year ROI tracks 114.4% and total cumulative return in cash totals $98,566. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,845/mo property income relative to a $1,272/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Missie Rose • RE/MAX River's Edge
Mls Name: StateWide MLS RI
Mls ID: #1402416