15 Starr StJohnstonRI02919
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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 Johnston at 15 Starr St, Johnston, RI, 02919 generates $2,401/mo in rent and, after a $1,468/mo payment, leaves $427/mo in cash flow. Total monthly income is $2,401/mo, and annual cash flow is $5,129/yr on $99,417 invested. Return on cash invested sits at 25.07% in year one, and rental yield is 9.61% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 131.04% and total cumulative return in cash sums $130,276. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,401/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
4,792 sqft 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: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11337294