3 Highland TrlRichmondRI02832
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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
Investment Highlights
Rental property for sale in Richmond at 3 Highland Trl, Richmond, RI, 02832 priced at $525,000 converts $3,718/mo rent into $291/mo cash flow after a $2,570/mo obligation. Total monthly income equals $3,718/mo, and annual cash flow totals $3,486/yr on $172,725 invested. Return on cash invested prints 22.08% in year one, and rental yield reads 8.5% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 114.9% and total cumulative return in cash sums $198,453. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,718/mo property income covering a $2,570/mo payment, not borrower’s personal income.
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
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Listed by: Clifford Ponte • Keller Williams South Watuppa
Mls Name: StateWide MLS RI
Mls ID: #1401742