1603 Plainfield Pike APT A2JohnstonRI02919
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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 Johnston at 1603 Plainfield Pike APT A2, Johnston, RI, 02919 uses $95,804 cash to close to unlock $9,948/yr annual cash flow and $829/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $1,415/mo payment keeps the spread at $829/mo. Purchase price stands at $289,000, and rental yield measures 11.28% with $2,716/mo rent. Return on cash invested shows 30.29% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 158.95% and total cumulative return in cash records $152,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Townhouse
Built in 1988
N/A 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: Laura-Jean Ferranti • J. Christopher Real Estate Grp
Mls Name: StateWide MLS RI
Mls ID: #1402329