61 School St #2RLincolnRI02802
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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
Investment property for sale in Lincoln at 61 School St #2R, Lincoln, RI, 02802 at $329,900 posts ROI 29.15% with $842/mo cash flow from $2,996/mo rent. Total monthly income equals $2,996/mo, and annual cash flow records $10,106/yr on $109,362 to close. Return on cash invested measures 29.15% and rental yield reads 10.9% at the current $329,900. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 by year five. Five-year ROI prints 152.88% and total cumulative return in cash totals $167,187.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,996/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02802, Albion, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 301 (100%) |
| Owner Occupied HU | 181 (60.1%) |
| Renter Occupied HU | 94 (31.2%) |
| Vacant Housing Units | 26 ( 8.6%) |
| Median Home Value | $552,455 |
| Average Home Value | $551,630 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
30
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Listed by: Tracy Sisson • BHHS Pinnacle Realty
Mls Name: StateWide MLS RI
Mls ID: #1393772