6 Excalibur DrRichmondRI02892
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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 Richmond at 6 Excalibur Dr, Richmond, RI, 02892 offers $4,740/mo rent that, after a $3,108/mo payment, leaves $595/mo cash flow. Total monthly income is $4,740/mo, and annual cash flow is $7,138/yr on $208,915 cash. Return on cash invested measures 23.48% in year one, and rental yield stands at 8.96% at a $635,000 entry. Equity gained on principal adds $4,098/yr while 5% annual appreciation compounds into $175,439 by year five. Five-year ROI records 122.38% and total cumulative return in cash reaches $255,680. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,740/mo property income versus a $3,108/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.72 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: Shawn Michalek • Pilot Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1392553