196 Old River Rd #166LincolnRI02865
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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 Lincoln at 196 Old River Rd #166, Lincoln, RI, 02865 offers a 9.49% rental yield on a $273,000 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,336/mo payment leaves $54/mo available for distribution. Annual cash flow reaches $649/yr on $90,500 to close, and return on cash invested stands at 20.63% in year one. Equity gained on principal adds $1,762/yr while 5% annual appreciation supports $75,425 over five years. Portfolio math shows five-year ROI at 108.75% and total cumulative return in cash at $98,419. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,336/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$324 monthly HOA
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Listed by: Brooke Buckett • RE/MAX River's Edge
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1388990
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.