51 Nooseneck Hill RdRichmondRI02898
Nearby investment properties with comparable rents
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
Investment property for sale in Richmond at 51 Nooseneck Hill Rd, Richmond, RI, 02898 at $349,900 posts ROI 29.61% with $938/mo cash flow from $3,222/mo rent. Total monthly income equals $3,222/mo, and annual cash flow records $11,250/yr on $115,992 to close. Return on cash invested measures 29.61% and rental yield reads 11.05% at the current $349,900. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 by year five. Five-year ROI prints 155.3% and total cumulative return in cash totals $180,138.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,222/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02898, Wyoming, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 757 (100%) |
| Owner Occupied HU | 648 (85.6%) |
| Renter Occupied HU | 56 ( 7.4%) |
| Vacant Housing Units | 53 ( 7.0%) |
| Median Home Value | $460,515 |
| Average Home Value | $476,169 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
115
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Nearby investment properties with comparable prices
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11332784