196 Old River Rd APT 6C, Lincoln, RI, 02865 | 7.51% Rental Yield

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196 Old River Rd APT 6C, Lincoln, RI, 02865 | 7.51% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lincoln at 196 Old River Rd APT 6C, Lincoln, RI, 02865 listed at $290,000 pairs $1,816/mo rent with a $1,419/mo payment. Total monthly income runs $1,816/mo. Return on cash invested measures 18.95% in year one, and rental yield registers 7.51% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 98.18% and total cumulative return in cash totals $94,384. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,816/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover This Charming, Recently Renovated Condo Located in The Highly Sought- after Kirkbrae Glen Community in Lincoln, RI. This Spacious Unit Offers 2 Bedrooms And 1 Full Bathroom, Featuring An Open Floor Plan That Connects The Dining Area And Living Room. Step Through The Sliding Glass Doors For Your Private Deck ideal For Relaxing Or Entertaining. Perfectly Situated Just Minutes From Kirkbrae County Club, Shopping, Dining, And With Easy Highway Access, This Home Combines Comfort, Style, And Convenience. A Must See!