321 Columbus AvePawtucketRI02861
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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 Pawtucket at 321 Columbus Ave, Pawtucket, RI, 02861 priced at $433,626 converts $3,060/mo rent into $230/mo cash flow after a $2,122/mo obligation. Total monthly income equals $3,060/mo, and annual cash flow totals $2,757/yr on $143,747 invested. Return on cash invested prints 21.83% in year one, and rental yield reads 8.47% against a $433,626 entry. Equity gained on principal adds $2,798/yr, while 5% annual appreciation compiles into $119,803 by year five. Five-year ROI reaches 113.57% and total cumulative return in cash sums $163,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,060/mo property income covering a $2,122/mo payment, not borrower’s personal income.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02861, Pawtucket, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,285
Single Family
10,467
Multi-Family
818
Businesses
652
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Listed by: Jesiane Fernandes • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383134
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.