50 Carnation St APT 7PawtucketRI02860
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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
Rental property for sale in Pawtucket at 50 Carnation St APT 7, Pawtucket, RI, 02860 priced at $190,000 converts $1,831/mo rent into $182/mo cash flow after a $930/mo obligation. Total monthly income equals $1,831/mo, and annual cash flow totals $2,180/yr on $62,985 invested. Return on cash invested prints 23.37% in year one, and rental yield reads 11.56% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 124.68% and total cumulative return in cash sums $78,528. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,831/mo property income covering a $930/mo payment, not borrower’s personal income.
Condo
Built in 1958
1.82 Acres lot
$N/A/sqft
$409 monthly 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
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Listed by: Sandhya Mohanraj • Keller Williams Boston SW
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1379040
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.