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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 Richmond at 5 Carolina Nooseneck Rd UNIT A, Richmond, RI, 02832 earns from $2,400/mo rent with a $2,789/mo payment. Total monthly income totals $2,400/mo. ROI tracks 8.82% on current figures, and rental yield reads 5.05% at a $569,900 purchase. Equity gained on principal adds $3,677/yr, and 5% annual appreciation supports $157,453 over five years. Five-year ROI reaches 44.84% and total cumulative return in cash sums $84,066. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.
Townhouse
Built in 2024
2.53 Acres lot
$N/A/sqft
$436 monthly HOA
Neighborhood data shown for ZIP Code: 02832, Hope Valley, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,060 (100%) |
| Owner Occupied HU | 1,568 (76.1%) |
| Renter Occupied HU | 339 (16.5%) |
| Vacant Housing Units | 153 ( 7.4%) |
| Median Home Value | $479,849 |
| Average Home Value | $511,724 |
Residential
1,782
Single Family
1,645
Multi-Family
137
Businesses
102
Date | Event | Price |
|---|---|---|
| 2024-11-16 | Listed for sale | $569,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bonnie Begos • RE/MAX FLAGSHIP, INC.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1373116
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.
