93 Narragansett AveRiversideRI02915
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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 Riverside at 93 Narragansett Ave, Riverside, RI, 02915 offers a 7.85% rental yield on a $440,000 purchase with $2,878/mo rent. Total monthly income registers $2,878/mo, and a $2,154/mo payment leaves $5/mo available for distribution. Annual cash flow reaches $64/yr on $145,860 to close, and return on cash invested stands at 19.95% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 103.54% and total cumulative return in cash at $151,030. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,878/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
5,662 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: Lisa Duffy • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1399245