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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Johnston at 1603 Plainfield Pike APT D5, Johnston, RI, 02919 uses $104,423 cash to close to unlock $1,662/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,542/mo payment keeps the spread at $139/mo. Purchase price stands at $315,000, and rental yield measures 9.6% with $2,520/mo rent. Return on cash invested shows 21.5% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 113.19% and total cumulative return in cash records $118,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Townhouse
Built in 1988
N/A lot
$N/A/sqft
$325 monthly HOA
Neighborhood data shown for ZIP Code: 02919, Johnston, RI area.
| 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 |
Residential
12,608
Single Family
11,503
Multi-Family
1,105
Businesses
1,373
Date | Event | Price |
|---|---|---|
| 2025-12-04 | Listed for sale | $315,000 |
| 2022-07-29 | Sold | $260,000 |
| 2022-07-21 | Pending sale | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-10 | $3704.00 | 1.45% | $242,100 | 54.11% |
| 2023-12-10 | $3651.00 | N/A | $157,100 | N/A |
| 2022-12-10 | $3651.00 | N/A | $157,100 | N/A |
Listed by: James Duffer • RISE REC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1400457
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
