193 James TrlRichmondRI02892
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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 193 James Trl, Richmond, RI, 02892 offers a 5.54% rental yield on a $649,900 purchase with $3,000/mo rent. 09% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,555 over five years. Portfolio math shows five-year ROI at 66.68% and total cumulative return in cash at $142,578. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02892, West Kingston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,249 (100%) |
| Owner Occupied HU | 1,842 (81.9%) |
| Renter Occupied HU | 200 ( 8.9%) |
| Vacant Housing Units | 207 ( 9.2%) |
| Median Home Value | $575,284 |
| Average Home Value | $640,771 |
Housing Distribution
Address Breakdown
Residential
1,958
Single Family
1,958
Multi-Family
0
Businesses
116
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Listed by: Victoria Doran • RE/MAX River's Edge
Mls Name: StateWide MLS RI
Mls ID: #1403344