2 Angle St APT 6LincolnRI02838
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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 2 Angle St APT 6, Lincoln, RI, 02838 with 5% annual appreciation on a $267,000 basis while $2,405/mo rent supports operations. Total monthly income totals $2,405/mo and a $1,307/mo payment preserves $662/mo for cash returns. Annual cash flow comes to $7,943/yr on $88,511 deployed, and return on cash invested reaches 28.88% in year one. Equity gained on principal adds $1,723/yr, and five-year appreciation sums $73,767 alongside rental yield of 10.81%. Five-year ROI measures 151.39% and total cumulative return in cash totals $133,999.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,405/mo property income versus a $1,307/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,595
Single Family
1,331
Multi-Family
264
Businesses
92
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Listed by: The Hometown Experts Team • RE/MAX Town & Country
Mls Name: StateWide MLS RI
Mls ID: #1403384