179 Columbine AvePawtucketRI02861
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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 Pawtucket at 179 Columbine Ave, Pawtucket, RI, 02861 uses $99,782 cash to close to unlock $6,316/yr annual cash flow and $526/mo monthly cash flow. Total monthly income runs $2,491/mo, and a $1,473/mo payment keeps the spread at $526/mo. Purchase price stands at $301,000, and rental yield measures 9.93% with $2,491/mo rent. Return on cash invested shows 26.24% in year one, and 5% annual appreciation builds toward $83,161 over five years. Five-year ROI reaches 137.25% and total cumulative return in cash records $136,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,491/mo property income covering a $1,473/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,971 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
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Listed by: Melissa Perrille • eXp Realty LLC
Mls Name: StateWide MLS RI
Mls ID: #1398481