218 Central StCentral FallsRI02863
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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 Central Falls at 218 Central St, Central Falls, RI, 02863 with 5% annual appreciation on a $495,000 basis while $1,606/mo rent supports operations. 02% in year one. Equity gained on principal adds $3,194/yr, and five-year appreciation sums $136,759 alongside rental yield of 3.89%. Five-year ROI measures 39.55% and total cumulative return in cash totals $64,894. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,606/mo property income versus a $2,423/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02863, Central Falls, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,168 (100%) |
| Owner Occupied HU | 1,748 (21.4%) |
| Renter Occupied HU | 5,996 (73.4%) |
| Vacant Housing Units | 424 ( 5.2%) |
| Median Home Value | $311,111 |
| Average Home Value | $309,203 |
Housing Distribution
Address Breakdown
Residential
6,316
Single Family
4,745
Multi-Family
1,571
Businesses
413
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Listed by: Debra Jobin • RE/MAX River's Edge - Bristol
Mls Name: StateWide MLS RI
Mls ID: #1402745