7 Wake Robin Rd UNIT 307LincolnRI02865
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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 7 Wake Robin Rd UNIT 307, Lincoln, RI, 02865 uses $72,267 cash to close to unlock $2,507/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $1,944/mo, and a $1,067/mo payment keeps the spread at $209/mo. Purchase price stands at $217,999, and rental yield measures 10.7% with $1,944/mo rent. Return on cash invested shows 23.38% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 123.75% and total cumulative return in cash records $89,431. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,944/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$312 monthly HOA
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Listed by: Sussy DeLeon • RE/MAX New Horizons
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1377880
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.