32 Waterman 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 32 Waterman Ave, Johnston, RI, 02919 priced at $450,000 pairs $3,505/mo rent with $567/mo cash flow after a $2,203/mo payment. Total monthly income equals $3,505/mo, and annual cash flow comes to $6,804/yr on $149,175 invested. Return on cash invested is 24.47% in year one, and rental yield stands at 9.35% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 127.74% and total cumulative return in cash reaches $190,554. For financing, Ziffy Mortgage’s DSCR program evaluates $3,505/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
5,227 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: Vickie Pizzarelli • Family First Realty RI, LLC
Mls Name: StateWide MLS RI
Mls ID: #1393248