2 School St #311, Lincoln, RI, 02865 | $458/mo Cash Flow

For Sale

Fix & Flip

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 2 School St #311, Lincoln, RI, 02865 uses $119,307 cash to close to unlock $5,498/yr annual cash flow and $458/mo monthly cash flow. Total monthly income runs $2,808/mo, and a $1,762/mo payment keeps the spread at $458/mo. Purchase price stands at $359,900, and rental yield measures 9.36% with $2,808/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 128.02% and total cumulative return in cash records $152,738. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,808/mo property income covering a $1,762/mo payment rather than investor’s personal income.

Condo

Built in 1994

N/A lot

$N/A/sqft

No HOA