72 Stowe Ave ERiversideRI02915
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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 Riverside at 72 Stowe Ave E, Riverside, RI, 02915 offers $4,144/mo rent that, after a $2,105/mo payment, leaves $1,337/mo cash flow. Total monthly income is $4,144/mo, and annual cash flow is $16,040/yr on $142,545 cash. Return on cash invested measures 31.16% in year one, and rental yield stands at 11.56% at a $430,000 entry. Equity gained on principal adds $2,775/yr while 5% annual appreciation compounds into $118,801 by year five. Five-year ROI records 163.63% and total cumulative return in cash reaches $233,247. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,144/mo property income versus a $2,105/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
3,201 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02915, Riverside, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,920 (100%) |
| Owner Occupied HU | 5,256 (58.9%) |
| Renter Occupied HU | 3,146 (35.3%) |
| Vacant Housing Units | 518 ( 5.8%) |
| Median Home Value | $379,754 |
| Average Home Value | $408,823 |
Housing Distribution
Address Breakdown
Residential
8,054
Single Family
6,873
Multi-Family
1,181
Businesses
426
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Listed by: Madelynn Duarte • Innovations Realty
Mls Name: StateWide MLS RI
Mls ID: #1403046