43 Shannock Hill RdRichmondRI02812
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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
Rental property for sale in Richmond at 43 Shannock Hill Rd, Richmond, RI, 02812 generates $0/mo in rent, after a $2,912/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.75% in year one, and rental yield is 0% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02812, Carolina, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 552 (100%) |
| Owner Occupied HU | 471 (85.3%) |
| Renter Occupied HU | 59 (10.7%) |
| Vacant Housing Units | 22 ( 4.0%) |
| Median Home Value | $474,865 |
| Average Home Value | $534,942 |
Housing Distribution
Address Breakdown
Residential
452
Single Family
452
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Listed by: Kelli Improta • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1388410
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.