465 Gardiner Rd UNIT 10RichmondRI02892
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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 Richmond at 465 Gardiner Rd UNIT 10, Richmond, RI, 02892 listed at $228,000 pairs $2,052/mo rent with a $1,116/mo payment to leave $264/mo cash flow. Total monthly income runs $2,052/mo, and annual cash flow reaches $3,163/yr on $75,582 cash to close. Return on cash invested measures 24.09% in year one, and rental yield registers 10.8% at a $228,000 basis. Equity gained on principal adds $1,471/yr, and annual property appreciation at 5% supports $62,992 by year five. Five-year ROI tracks 127.48% and total cumulative return in cash totals $96,351. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,052/mo property income relative to a $1,116/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1984
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02892, West Kingston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,249 (100%) |
| Owner Occupied HU | 1,842 (81.9%) |
| Renter Occupied HU | 200 ( 8.9%) |
| Vacant Housing Units | 207 ( 9.2%) |
| Median Home Value | $575,284 |
| Average Home Value | $640,771 |
Housing Distribution
Address Breakdown
Residential
1,958
Single Family
1,958
Multi-Family
0
Businesses
116
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Listed by: Frank DiPietro • Dipietro Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1377313
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.