199 Morris 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 199 Morris Ave, Pawtucket, RI, 02860 at $460,000 posts ROI 6.67% with from $1,320/mo rent. Total monthly income equals $1,320/mo. Return on cash invested measures 6.67% and rental yield reads 3.44% at the current $460,000. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,090 by year five. Five-year ROI prints 32.3% and total cumulative return in cash totals $49,249. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1930
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: Ailende Inegbedion • Keller Williams Realty
Mls Name: StateWide MLS RI
Mls ID: #1398547