7 Jupiter Ln #BRichmondRI02898
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
Rental property for sale in Richmond at 7 Jupiter Ln #B, Richmond, RI, 02898 priced at $349,000 converts $3,533/mo rent into $983/mo cash flow after a $1,708/mo obligation. Total monthly income equals $3,533/mo, and annual cash flow totals $11,796/yr on $115,694 invested. Return on cash invested prints 30.1% in year one, and rental yield reads 12.15% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 158.98% and total cumulative return in cash sums $183,924. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,533/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Condo
Built in 2018
12.41 Acres lot
$N/A/sqft
$272 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nate Chatterley • CALDWELL REALTY LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1385579
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.