38 Brook St #1Central FallsRI02863
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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
Investment property for sale in Central Falls at 38 Brook St #1, Central Falls, RI, 02863 offers a 10.26% rental yield on a $309,000 purchase with $2,641/mo rent. Total monthly income registers $2,641/mo, and a $1,512/mo payment leaves $624/mo available for distribution. Annual cash flow reaches $7,492/yr on $102,434 to close, and return on cash invested stands at 27.22% in year one. Equity gained on principal adds $1,994/yr while 5% annual appreciation supports $85,371 over five years. Portfolio math shows five-year ROI at 142.53% and total cumulative return in cash at $145,997. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,641/mo property income against a $1,512/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
5,024 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02863, Central Falls, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,168 (100%) |
| Owner Occupied HU | 1,748 (21.4%) |
| Renter Occupied HU | 5,996 (73.4%) |
| Vacant Housing Units | 424 ( 5.2%) |
| Median Home Value | $311,111 |
| Average Home Value | $309,203 |
Housing Distribution
Address Breakdown
Residential
6,316
Single Family
4,745
Multi-Family
1,571
Businesses
413
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Listed by: Alexander Parmenidez • Coldwell Banker Realty
Mls Name: MLS PIN
Mls ID: #73390652
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