7 Wake Robin Rd UNIT 104LincolnRI02865
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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 7 Wake Robin Rd UNIT 104, Lincoln, RI, 02865 priced at $244,880 converts $2,160/mo rent into $198/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $2,376/yr on $81,178 invested. Return on cash invested prints 22.84% in year one, and rental yield reads 10.58% against a $244,880 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,656 by year five. Five-year ROI reaches 121.01% and total cumulative return in cash sums $98,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$363 monthly HOA
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Listed by: Darlene Palladini • Realty ONE Group Executives
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370502
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 2024 State-Wide MLS, Inc. All rights reserved.