118 Chaplin StPawtucketRI02861
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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 Pawtucket at 118 Chaplin St, Pawtucket, RI, 02861 priced at $649,999 converts $2,942/mo rent into after a $3,181/mo obligation. Total monthly income equals $2,942/mo. Return on cash invested prints 12.76% in year one, and rental yield reads 5.43% against a $649,999 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 64.94% and total cumulative return in cash sums $138,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,942/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Multi Family
Built in 1880
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02861, Pawtucket, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,189 (100%) |
| Owner Occupied HU | 7,318 (60.0%) |
| Renter Occupied HU | 4,287 (35.2%) |
| Vacant Housing Units | 584 ( 4.8%) |
| Median Home Value | $339,560 |
| Average Home Value | $388,596 |
Housing Distribution
Address Breakdown
Residential
11,285
Single Family
10,467
Multi-Family
818
Businesses
652
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Listed by: Belkys Then • Palma Realty Corporation
Mls Name: StateWide MLS RI
Mls ID: #1399249