18 Fairmont AvePawtucketRI02860
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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 18 Fairmont Ave, Pawtucket, RI, 02860 uses $122,324 cash to close to unlock $5,080/yr annual cash flow and $423/mo monthly cash flow. Total monthly income runs $2,832/mo, and a $1,806/mo payment keeps the spread at $423/mo. Purchase price stands at $369,000, and rental yield measures 9.21% with $2,832/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 125.58% and total cumulative return in cash records $153,615. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,832/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Single Family
Built in 1945
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02860, Pawtucket, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,375 (100%) |
| Owner Occupied HU | 7,147 (31.9%) |
| Renter Occupied HU | 13,685 (61.2%) |
| Vacant Housing Units | 1,543 ( 6.9%) |
| Median Home Value | $367,412 |
| Average Home Value | $395,769 |
Housing Distribution
Address Breakdown
Residential
19,251
Single Family
14,536
Multi-Family
4,715
Businesses
1,510
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Listed by: John Tripodi • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1402561