43 Bullocks Point Ave APT 4CRiversideRI02915
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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 Riverside at 43 Bullocks Point Ave APT 4C, Riverside, RI, 02915 uses $97,793 cash to close to unlock $6,554/yr annual cash flow and $546/mo monthly cash flow. Total monthly income runs $2,472/mo, and a $1,444/mo payment keeps the spread at $546/mo. Purchase price stands at $295,000, and rental yield measures 10.06% with $2,472/mo rent. Return on cash invested shows 26.61% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 139.28% and total cumulative return in cash records $136,202. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,472/mo property income covering a $1,444/mo payment rather than investor’s personal income.
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: Sam Glicksman • Spitz-Weiss, REALTORS
Mls Name: StateWide MLS RI
Mls ID: #1398495