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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lincoln at 400 New River Rd APT 314, Lincoln, RI, 02838 offers a 10.28% rental yield on a $269,900 purchase with $2,312/mo rent. Total monthly income registers $2,312/mo, and a $1,321/mo payment leaves $250/mo available for distribution. Annual cash flow reaches $3,002/yr on $89,472 to close, and return on cash invested stands at 23.26% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 122.78% and total cumulative return in cash at $109,854. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,312/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood data shown for ZIP Code: 02838, Manville, RI area.
| 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 |
Residential
1,595
Single Family
1,331
Multi-Family
264
Businesses
92
Date | Event | Price |
|---|---|---|
| 2025-05-20 | Listed for sale | $269,900 |
| 2021-05-14 | Sold | $187,000 |
| 2021-05-07 | Pending sale | $172,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $2998.00 | 5.23% | $172,800 | N/A |
| 2023-05-27 | $2849.00 | 0.21% | $172,800 | N/A |
| 2022-05-27 | $2843.00 | 7.12% | $172,800 | 32.11% |
Listed by: Michael Lavery • eXp Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384864
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.
