23 Dennison StJohnstonRI02919
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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 Johnston at 23 Dennison St, Johnston, RI, 02919 listed at $420,000 pairs $2,380/mo rent with a $2,056/mo payment. Total monthly income runs $2,380/mo. Return on cash invested measures 16.79% in year one, and rental yield registers 6.8% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 86.55% and total cumulative return in cash totals $120,499. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,380/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1935
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02919, Johnston, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,608
Single Family
11,503
Multi-Family
1,105
Businesses
1,373
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Listed by: Roselina Perlini • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370812
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 2024 State-Wide MLS, Inc. All rights reserved.