37 George Waterman RdJohnstonRI02919
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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
Total monthly income runs $2,284/mo, and a $1,713/mo payment. Purchase price stands at $350,000, and rental yield measures 7.83% with $2,284/mo rent. Return on cash invested shows 19.9% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 103.27% and total cumulative return in cash records $119,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,284/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,229 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: Cheryl Perry • Lamacchia Realty, Inc
Mls Name: StateWide MLS RI
Mls ID: #1399441