31 Bullocks Point Ave APT 2ARiversideRI02915
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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 Riverside at 31 Bullocks Point Ave APT 2A, Riverside, RI, 02915 priced at $339,000 pairs $2,472/mo rent with $259/mo cash flow after a $1,659/mo payment. Total monthly income equals $2,472/mo, and annual cash flow comes to $3,112/yr on $112,379 invested. Return on cash invested is 22.68% in year one, and rental yield stands at 8.75% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 118.17% and total cumulative return in cash reaches $132,796. For financing, Ziffy Mortgage’s DSCR program evaluates $2,472/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02915, Riverside, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,920 (100%) |
| Owner Occupied HU | 5,256 (58.9%) |
| Renter Occupied HU | 3,146 (35.3%) |
| Vacant Housing Units | 518 ( 5.8%) |
| Median Home Value | $379,754 |
| Average Home Value | $408,823 |
Housing Distribution
Address Breakdown
Residential
8,054
Single Family
6,873
Multi-Family
1,181
Businesses
426
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Listed by: Erkkinen - Cohen Group • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1395012