1 Winston Way Unit 1JohnstonRI02919
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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 Johnston at 1 Winston Way Unit 1, Johnston, RI, 02919 at $400,000 posts ROI 23.16% with $360/mo cash flow from $2,971/mo rent. Total monthly income equals $2,971/mo, and annual cash flow records $4,316/yr on $132,600 to close. Return on cash invested measures 23.16% and rental yield reads 8.91% at the current $400,000. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 by year five. Five-year ROI prints 120.74% and total cumulative return in cash totals $160,108.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,971/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02919, Johnston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,630 (100%) |
| Owner Occupied HU | 8,689 (68.8%) |
| Renter Occupied HU | 3,472 (27.5%) |
| Vacant Housing Units | 469 ( 3.7%) |
| Median Home Value | $408,882 |
| Average Home Value | $428,372 |
Housing Distribution
Address Breakdown
Residential
12,608
Single Family
11,503
Multi-Family
1,105
Businesses
1,373
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Listed by: Alpern & Mesenbourg Group • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1403521