316 Court House LnPascoagRI02859
Nearby investment properties with comparable rents
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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 316 Court House Ln, Pascoag, RI, 02859 offers $3,557/mo rent that, after a $2,814/mo payment. Total monthly income is $3,557/mo. Return on cash invested measures 18.82% in year one, and rental yield stands at 7.42% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 97.39% and total cumulative return in cash reaches $184,235. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,557/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.34 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: N/A • N/A
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