24 Belmont StPawtucketRI02860
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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 24 Belmont St, Pawtucket, RI, 02860 with 5% annual appreciation on a $495,000 basis while $3,323/mo rent supports operations. Total monthly income totals $3,323/mo and a $2,423/mo payment preserves $92/mo for cash returns. Annual cash flow comes to $1,098/yr on $164,093 deployed, and return on cash invested reaches 20.58% in year one. Equity gained on principal adds $3,194/yr, and five-year appreciation sums $136,759 alongside rental yield of 8.06%. Five-year ROI measures 106.88% and total cumulative return in cash totals $175,378.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,323/mo property income versus a $2,423/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
8,712 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: Gerri Schiffman • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1395406