16 Edgemere RdPawtucketRI02861
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 16 Edgemere Rd, Pawtucket, RI, 02861 priced at $392,000 pairs $2,760/mo rent with $201/mo cash flow after a $1,919/mo payment. Total monthly income equals $2,760/mo, and annual cash flow comes to $2,409/yr on $129,948 invested. Return on cash invested is 21.76% in year one, and rental yield stands at 8.45% on a $392,000 basis. Equity gained on principal adds $2,530/yr, and 5% annual appreciation accumulates to $108,302 by year five. Five-year ROI measures 113.23% and total cumulative return in cash reaches $147,144. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $1,919/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandy Conway Catanzaro • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1389777