55 Ivan AveRiversideRI02915
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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 55 Ivan Ave, Riverside, RI, 02915 priced at $429,900 converts $2,880/mo rent into $74/mo cash flow after a $2,104/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $886/yr on $142,512 invested. Return on cash invested prints 20.53% in year one, and rental yield reads 8.04% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 106.62% and total cumulative return in cash sums $151,939. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.31 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: Luis Mateus • Mateus Realty
Mls Name: StateWide MLS RI
Mls ID: #1389188