29 Dix AveJohnstonRI02919
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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 Johnston at 29 Dix Ave, Johnston, RI, 02919 offers $3,371/mo rent that, after a $2,202/mo payment, leaves $434/mo cash flow. Total monthly income is $3,371/mo, and annual cash flow is $5,210/yr on $149,142 cash. Return on cash invested measures 23.4% in year one, and rental yield stands at 8.99% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 122.03% and total cumulative return in cash reaches $182,002. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,371/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
6,098 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: Joyce Teixeira • Dream Living Realty LLC
Mls Name: StateWide MLS RI
Mls ID: #1399947