10 Foundry StCentral FallsRI02863
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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 Central Falls at 10 Foundry St, Central Falls, RI, 02863 priced at $429,000 pairs $2,794/mo rent with after a $2,100/mo payment. Total monthly income equals $2,794/mo. Return on cash invested is 19.85% in year one, and rental yield stands at 7.82% on a $429,000 basis. Equity gained on principal adds $2,768/yr, and 5% annual appreciation accumulates to $118,525 by year five. Five-year ROI measures 103% and total cumulative return in cash reaches $146,485. For financing, Ziffy Mortgage’s DSCR program evaluates $2,794/mo property income against a $2,100/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1925
4,578 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02863, Central Falls, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,168 (100%) |
| Owner Occupied HU | 1,748 (21.4%) |
| Renter Occupied HU | 5,996 (73.4%) |
| Vacant Housing Units | 424 ( 5.2%) |
| Median Home Value | $311,111 |
| Average Home Value | $309,203 |
Housing Distribution
Address Breakdown
Residential
6,316
Single Family
4,745
Multi-Family
1,571
Businesses
413
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Listed by: Jeffrey Cabral • Here To There Realty
Mls Name: StateWide MLS RI
Mls ID: #1389746