315 Old River Rd Unit 20LincolnRI02838
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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
Investment property for sale in Lincoln at 315 Old River Rd Unit 20, Lincoln, RI, 02838 earns from $2,220/mo rent with a $2,936/mo payment. Total monthly income totals $2,220/mo. ROI tracks 9.75% on current figures, and rental yield reads 4.44% at a $599,900 purchase. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 over five years. Five-year ROI reaches 48.79% and total cumulative return in cash sums $96,304. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,220/mo property income instead of your personal income.
Townhouse
Built in 2007
N/A 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: Anastasia Kaufman • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1401643