2 School St #226,Lincoln,RI,02865

Investment Highlights

Rental property for sale in Lincoln at 2 School St #226, Lincoln, RI, 02865 generates $2,953/mo in rent and, after a $1,957/mo payment, leaves $343/mo in cash flow. Total monthly income is $2,953/mo, and annual cash flow is $4,114/yr on $132,567 invested. Return on cash invested sits at 23.01% in year one, and rental yield is 8.86% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 119.92% and total cumulative return in cash sums $158,972. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,953/mo property income rather than buyer’s personal income.