5 Gano 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
Investment property for sale in Johnston at 5 Gano Ave, Johnston, RI, 02919 uses $127,628 cash to close to unlock $11,522/yr annual cash flow and $960/mo monthly cash flow. Total monthly income runs $3,473/mo, and a $1,884/mo payment keeps the spread at $960/mo. Purchase price stands at $385,000, and rental yield measures 10.82% with $3,473/mo rent. Return on cash invested shows 28.94% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 151.72% and total cumulative return in cash records $193,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,473/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,534 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: Mirianyi Nunez • Innovations Realty
Mls Name: StateWide MLS RI
Mls ID: #1396642