422 Smithfield Ave APT 1PawtucketRI02860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 422 Smithfield Ave APT 1, Pawtucket, RI, 02860 offers a 9.11% rental yield on a $198,000 purchase with $1,503/mo rent. Total monthly income registers $1,503/mo, and a $969/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,527/yr on $65,637 to close, and return on cash invested stands at 23.76% in year one. Equity gained on principal adds $1,278/yr while 5% annual appreciation supports $54,704 over five years. Portfolio math shows five-year ROI at 123.96% and total cumulative return in cash at $81,364. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,503/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02860, Pawtucket, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,375 (100%) |
| Owner Occupied HU | 7,147 (31.9%) |
| Renter Occupied HU | 13,685 (61.2%) |
| Vacant Housing Units | 1,543 ( 6.9%) |
| Median Home Value | $367,412 |
| Average Home Value | $395,769 |
Housing Distribution
Address Breakdown
Residential
19,251
Single Family
14,536
Multi-Family
4,715
Businesses
1,510
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olufunke Durojaiye • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls ID: #1399589