2 School St #334LincolnRI02865
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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
Rental property for sale in Lincoln at 2 School St #334, Lincoln, RI, 02865 generates $2,490/mo in rent and, after a $1,566/mo payment, leaves $47/mo in cash flow. Total monthly income is $2,490/mo, and annual cash flow is $558/yr on $106,047 invested. Return on cash invested sits at 20.44% in year one, and rental yield is 9.34% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 107.57% and total cumulative return in cash sums $114,080. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,490/mo property income rather than buyer’s personal income.
Condo
Built in 1850
1,084 sqft lot
$N/A/sqft
$355 monthly HOA
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Listed by: Debby Smith • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1394325
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.