33 Harding 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 33 Harding Ave, Johnston, RI, 02919 priced at $399,000 converts $2,872/mo rent into $267/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,872/mo, and annual cash flow totals $3,208/yr on $132,269 invested. Return on cash invested prints 22.33% in year one, and rental yield reads 8.64% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 116.32% and total cumulative return in cash sums $153,854. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,872/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1930
4,791 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: Andy Andujar • Innovations Realty
Mls Name: StateWide MLS RI
Mls ID: #1399444