5 Hoxsie RdRichmondRI02892
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Nearby investment properties with comparable prices
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 5 Hoxsie Rd, Richmond, RI, 02892 priced at $619,000 pairs $4,380/mo rent with $339/mo cash flow after a $3,030/mo payment. Total monthly income equals $4,380/mo, and annual cash flow comes to $4,068/yr on $203,651 invested. Return on cash invested is 22.06% in year one, and rental yield stands at 8.49% on a $619,000 basis. Equity gained on principal adds $3,994/yr, and 5% annual appreciation accumulates to $171,018 by year five. Five-year ROI measures 114.77% and total cumulative return in cash reaches $233,725. For financing, Ziffy Mortgage’s DSCR program evaluates $4,380/mo property income against a $3,030/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
2.58 Acres lot
$N/A/sqft
No 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: Melissa Clark • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1398430