2 Angle St APT 5, Lincoln, RI, 02838 | $134/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2 Angle St APT 5, Lincoln, RI, 02838 | $134/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
960 sft

46 Kristee Cir, West Warwick, RI, 02893

3 Bed
2 Bath
2033 sft

59 Foster Center Rd, Foster, RI, 02825

3 Bed
2 Bath
1230 sft

2814 Swallow Ln, Northport, AL, 35476

Currently Rented+ 1 more

4 Bed
2 Bath
1622 sft

17 Archer Ave, Johnston, RI, 02919

Nearby investment properties with comparable prices

2 Bed
2 Bath
1012 sft

31 Devereux St APT 107, Providence, RI, 02909

2 Bed
2 Bath
960 sft

29 Central St, West Warwick, RI, 02893

2 Bed
2 Bath
1048 sft

64 Kristee Cir #64, West Warwick, RI, 02893

2 Bed
1 Bath
748 sft

30 Pond St, West Warwick, RI, 02893

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lincoln at 2 Angle St APT 5, Lincoln, RI, 02838 with 5% annual appreciation on a $252,900 basis while $1,785/mo rent supports operations. Total monthly income totals $1,785/mo and a $1,238/mo payment preserves $134/mo for cash returns. Annual cash flow comes to $1,607/yr on $83,836 deployed, and return on cash invested reaches 21.83% in year one. Equity gained on principal adds $1,632/yr, and five-year appreciation sums $69,872 alongside rental yield of 8.47%. Five-year ROI measures 113.55% and total cumulative return in cash totals $95,192.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,785/mo property income versus a $1,238/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Well maintained 2 bed, 1.5 bath one level condo in Manville section of Lincoln. Walk across the street to the Blackstone River Bike Path! Open floorplan with eat in kitchen and living room with sliders to a deck; Stackable washer and dryer to remain with the unit. Master bedroom with great sized closet and 1/2 bath. Second bedroom is also good size! Large lower level storage unit! Great for bikes, off season gear, etc. Plenty of parking for the complex. Taxes reflect the 35% Homestead exemption.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02838, Manville, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,593 (100%)
Owner Occupied HU	686 (43.1%)
Renter Occupied HU	827 (51.9%)
Vacant Housing Units	80 ( 5.0%)
Median Home Value	$454,131
Average Home Value	$466,611