978 Smithfield AveLincolnRI02865
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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 978 Smithfield Ave, Lincoln, RI, 02865 listed at $525,000 pairs $3,222/mo rent with a $2,570/mo payment. Total monthly income runs $3,222/mo. Return on cash invested measures 18.63% in year one, and rental yield registers 7.36% at a $525,000 basis. Equity gained on principal adds $3,388/yr, and annual property appreciation at 5% supports $145,048 by year five. Five-year ROI tracks 96.41% and total cumulative return in cash totals $166,533. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,222/mo property income relative to a $2,570/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
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Listed by: Alysandra Nemeth • Redfin Corporation
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1368970
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.