252 Railroad StLincolnRI02838
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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 252 Railroad St, Lincoln, RI, 02838 priced at $599,900 converts $2,309/mo rent into after a $2,936/mo obligation. Total monthly income equals $2,309/mo. Return on cash invested prints 10.29% in year one, and rental yield reads 4.62% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 51.69% and total cumulative return in cash sums $102,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,309/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Multi Family
Built in 1923
0.46 Acres 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 ALBA Group • Innovations Realty
Mls Name: StateWide MLS RI
Mls ID: #1398909