400 New River Rd APT 211LincolnRI02838
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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 400 New River Rd APT 211, Lincoln, RI, 02838 earns $95/mo cash flow from $2,222/mo rent with a $1,370/mo payment. Total monthly income totals $2,222/mo, and annual cash flow totals $1,136/yr on $92,820 capital. ROI tracks 21.13% on current figures, and rental yield reads 9.52% at a $280,000 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 111.27% and total cumulative return in cash sums $103,281. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,222/mo property income instead of your personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$300 monthly 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: Gia Parmentier • J. Christopher Real Estate Grp
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1396290
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.