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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 Pawtucket at 32 Clarner St, Pawtucket, RI, 02861 offers $1,999/mo rent that, after a $1,462/mo payment, leaves $49/mo cash flow. Total monthly income is $1,999/mo, and annual cash flow is $588/yr on $99,052 cash. Return on cash invested measures 20.5% in year one, and rental yield stands at 8.03% at a $298,800 entry. Equity gained on principal adds $1,928/yr while 5% annual appreciation compounds into $82,553 by year five. Five-year ROI records 106.45% and total cumulative return in cash reaches $105,439. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,999/mo property income versus a $1,462/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02861, Pawtucket, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,189 (100%) |
| Owner Occupied HU | 7,318 (60.0%) |
| Renter Occupied HU | 4,287 (35.2%) |
| Vacant Housing Units | 584 ( 4.8%) |
| Median Home Value | $339,560 |
| Average Home Value | $388,596 |
Residential
11,285
Single Family
10,467
Multi-Family
818
Businesses
652
Date | Event | Price |
|---|---|---|
| 2025-03-30 | Listed for sale | $298,800 |
| 1998-12-10 | Sold | $107,500 |
| 1997-05-23 | Sold | $87,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $3658.00 | 4.96% | $296,400 | 41.01% |
| 2023-04-08 | $3485.00 | N/A | $210,200 | N/A |
| 2022-04-08 | $3485.00 | N/A | $210,200 | N/A |
Listed by: Jennifer Curry • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380194
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 2025 State-Wide MLS, Inc. All rights reserved.
