3 Highland TrlRichmondRI02832
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 3 Highland Trl, Richmond, RI, 02832 in Richmond: $4,247/mo in rent, $918/mo in net income, 9.99% gross yield, 1.85 DSCR, all at $510,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $140,904 in appreciation and $4,697/yr in principal paydown projects total cumulative return of $253,211.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.2% |
| Monthly Cash Flow | $918 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,247 |
| Total Monthly Debt Service | $3,126 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
2.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02832, Hope Valley, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,060 (100%) |
| Owner Occupied HU | 1,568 (76.1%) |
| Renter Occupied HU | 339 (16.5%) |
| Vacant Housing Units | 153 ( 7.4%) |
| Median Home Value | $479,849 |
| Average Home Value | $511,724 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,645
Multi-Family
137
Businesses
102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2002
2.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02832, Hope Valley, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,060 (100%) |
| Owner Occupied HU | 1,568 (76.1%) |
| Renter Occupied HU | 339 (16.5%) |
| Vacant Housing Units | 153 ( 7.4%) |
| Median Home Value | $479,849 |
| Average Home Value | $511,724 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,645
Multi-Family
137
Businesses
102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: StateWide MLS RI
Mls ID: #1401742