1270-1272 Broad 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
Investment property for sale in Central Falls at 1270-1272 Broad St, Central Falls, RI, 02863 listed at $789,000 pairs $2,492/mo rent with a $3,862/mo payment. Total monthly income runs $2,492/mo. Return on cash invested measures 7.77% in year one, and rental yield registers 3.79% at a $789,000 basis. Equity gained on principal adds $5,091/yr, and annual property appreciation at 5% supports $217,986 by year five. Five-year ROI tracks 38.17% and total cumulative return in cash totals $99,070. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,492/mo property income relative to a $3,862/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1881
4,356 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: Beatriz Giron • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1395995