38 Meadowcrest DrRiversideRI02915
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 38 Meadowcrest Dr, Riverside, RI, 02915 in Riverside is a conservative rental investment at $440,000. Rental yield 7.2%. A 1.33 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $121,564; $4,052/yr in principal paydown supplements. Total projected return: $152,537.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.0% |
| Monthly Cash Flow | $(232) | $400 |
City averages based on Riverside market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,640 |
| Total Monthly Debt Service | $2,697 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1983
7,592 sqft 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
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 1983
7,592 sqft 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
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: #1406060