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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Johnston at 3 Pico Cir, Johnston, RI, 02919 priced at $750,000 converts $4,471/mo rent into after a $3,671/mo obligation. Total monthly income equals $4,471/mo. Return on cash invested prints 17.99% in year one, and rental yield reads 7.15% against a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation compiles into $207,211 by year five. Five-year ROI reaches 92.97% and total cumulative return in cash sums $229,410. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,471/mo property income covering a $3,671/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02919, Johnston, RI area.
| 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 |
Residential
12,608
Single Family
11,503
Multi-Family
1,105
Businesses
1,373
Date | Event | Price |
|---|---|---|
| 2024-04-25 | Listed for sale | $750,000 |
| 2024-04-13 | Listing removed | $725,000 |
| 2023-07-12 | Listed for sale | $725,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Vickie Pizzarelli • Engel & Volkers
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1357601
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 State-Wide MLS, Inc. All rights reserved.
