6 Columbia AveLincolnRI02865
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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 Lincoln at 6 Columbia Ave, Lincoln, RI, 02865 generates $3,120/mo in rent, after a $2,348/mo payment. Total monthly income is $3,120/mo. Return on cash invested sits at 19.82% in year one, and rental yield is 7.8% on a $479,750 entry. Equity gained on principal adds $3,096/yr, while 5% annual appreciation builds toward $132,546 over five years. Five-year ROI reaches 102.82% and total cumulative return in cash sums $163,522. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
4,900 sqft lot
$N/A/sqft
No HOA
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Listed by: Phillip Gendreau • Strive Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386222
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.