38 Chase StPawtucketRI02861
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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 Pawtucket at 38 Chase St, Pawtucket, RI, 02861 listed at $388,880 pairs $2,791/mo rent with a $1,903/mo payment to leave $253/mo cash flow. Total monthly income runs $2,791/mo, and annual cash flow reaches $3,034/yr on $128,914 cash to close. Return on cash invested measures 22.26% in year one, and rental yield registers 8.61% at a $388,880 basis. Equity gained on principal adds $2,509/yr, and annual property appreciation at 5% supports $107,440 by year five. Five-year ROI tracks 115.9% and total cumulative return in cash totals $149,417. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,791/mo property income relative to a $1,903/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
4,792 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: P. Bryan Chase • HomeSmart Professionals Real Estate
Mls Name: MLS PIN
Mls ID: #73319840
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