467 Forbes StRiversideRI02915
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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 Riverside at 467 Forbes St, Riverside, RI, 02915 priced at $375,000 pairs $2,827/mo rent with $380/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,827/mo, and annual cash flow comes to $4,554/yr on $124,313 invested. Return on cash invested is 23.57% in year one, and rental yield stands at 9.05% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 122.93% and total cumulative return in cash reaches $152,823. For financing, Ziffy Mortgage’s DSCR program evaluates $2,827/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
0.27 Acres 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: Karyn Kopecky • RE/MAX River's Edge - Bristol
Mls Name: StateWide MLS RI
Mls ID: #1398686