32 Leading StJohnstonRI02919
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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 32 Leading St, Johnston, RI, 02919 offers $3,034/mo rent that, after a $1,810/mo payment, leaves $620/mo cash flow. Total monthly income is $3,034/mo, and annual cash flow is $7,440/yr on $122,589 cash. Return on cash invested measures 25.98% in year one, and rental yield stands at 9.85% at a $369,800 entry. Equity gained on principal adds $2,386/yr while 5% annual appreciation compounds into $102,169 by year five. Five-year ROI records 135.82% and total cumulative return in cash reaches $166,502. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,034/mo property income versus a $1,810/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
4,356 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: N/A • N/A
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