245 Manton StPawtucketRI02861
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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
Rental property for sale in Pawtucket at 245 Manton St, Pawtucket, RI, 02861 generates $1,013/mo in rent and, after a $646/mo payment, leaves $151/mo in cash flow. Total monthly income is $1,013/mo, and annual cash flow is $1,817/yr on $43,758 invested. Return on cash invested sits at 24.06% in year one, and rental yield is 9.21% on a $132,000 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 125.59% and total cumulative return in cash sums $54,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,013/mo property income rather than buyer’s personal income.
Manufactured
Built in 1987
1,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02861, Pawtucket, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,189 (100%) |
| Owner Occupied HU | 7,318 (60.0%) |
| Renter Occupied HU | 4,287 (35.2%) |
| Vacant Housing Units | 584 ( 4.8%) |
| Median Home Value | $339,560 |
| Average Home Value | $388,596 |
Housing Distribution
Address Breakdown
Residential
11,285
Single Family
10,467
Multi-Family
818
Businesses
652
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Listed by: Anne Hall • Noble Realty NE
Mls Name: StateWide MLS RI
Mls ID: #1396935