2 School St #133, Lincoln, RI, 02865 | $587/mo Cash Flow

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

Rental property for sale in Lincoln at 2 School St #133, Lincoln, RI, 02865 generates $2,350/mo in rent and, after a $1,322/mo payment, leaves $587/mo in cash flow. Total monthly income is $2,350/mo, and annual cash flow is $7,044/yr on $89,505 invested. Return on cash invested sits at 27.78% in year one, and rental yield is 10.44% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 145.47% and total cumulative return in cash sums $130,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,350/mo property income rather than buyer’s personal income.

Condo

Built in 1850

N/A lot

$N/A/sqft

No HOA