265 Sayles Ave UNIT 1PascoagRI02859
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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 Pascoag at 265 Sayles Ave UNIT 1, Pascoag, RI, 02859 generates $1,383/mo in rent and, after a $844/mo payment, leaves $257/mo in cash flow. Total monthly income is $1,383/mo, and annual cash flow is $3,087/yr on $57,184 invested. Return on cash invested sits at 25.31% in year one, and rental yield is 9.62% on a $172,500 entry. Equity gained on principal adds $1,113/yr, while 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 132.29% and total cumulative return in cash sums $75,650. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,383/mo property income rather than buyer’s personal income.
Condo
Built in 1900
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02859, Pascoag, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,846 (100%) |
| Owner Occupied HU | 1,997 (70.2%) |
| Renter Occupied HU | 623 (21.9%) |
| Vacant Housing Units | 226 ( 7.9%) |
| Median Home Value | $489,981 |
| Average Home Value | $573,956 |
Housing Distribution
Address Breakdown
Residential
2,664
Single Family
2,566
Multi-Family
98
Businesses
117
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Listed by: Steven Sitrin • William Raveis Inspire
Mls Name: StateWide MLS RI
Mls ID: #1402394