28 Bayley St APT 107, Pawtucket, RI, 02860 | $475/mo Cash Flow

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28 Bayley St APT 107, Pawtucket, RI, 02860 | $475/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Pawtucket at 28 Bayley St APT 107, Pawtucket, RI, 02860 listed at $354,900 pairs $2,792/mo rent with a $1,737/mo payment to leave $475/mo cash flow. Total monthly income runs $2,792/mo, and annual cash flow reaches $5,704/yr on $117,649 cash to close. Return on cash invested measures 24.76% in year one, and rental yield registers 9.44% at a $354,900 basis. Equity gained on principal adds $2,290/yr, and annual property appreciation at 5% supports $98,052 by year five. Five-year ROI tracks 129.32% and total cumulative return in cash totals $152,140. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,792/mo property income relative to a $1,737/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming Mill Conversion Condo in the Heart of Pawtucket Art District! See Virtual walk-through tour link. Discover urban living at its finest in this stunning 1-bedroom, 1.5-bathroom condominium, nestled within a beautifully converted mill. Boasting two levels of updated space, this unique home features an open floor plan with soaring cathedral ceilings, original hardwood floors, and expansive windows that flood the space with natural light. Step inside your private entrance and unwind in the stylish living area, perfect for entertaining or relaxing. The modern kitchen comes equipped with newer appliances, making meal prep a breeze. The spacious master bedroom offers a full bath for your convenience, while a half bath with laundry adds functionality on the main level. Enjoy the ease of central air conditioning, two assigned parking spaces, and an unbeatable location just a short stroll from the train station and vibrant local art scene. This is more than just a home; it's a lifestyle. Don't miss your chance to experience the perfect blend of comfort and culture - schedule a tour today!

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