6 Dexter StJohnstonRI02919
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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 Johnston at 6 Dexter St, Johnston, RI, 02919 generates $2,570/mo in rent, after a $2,814/mo payment. Total monthly income is $2,570/mo. Return on cash invested sits at 12.56% in year one, and rental yield is 5.36% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 63.81% and total cumulative return in cash sums $120,719. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,570/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
5,662 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: The Jarrod Lewis Group • J. Christopher Real Estate Grp
Mls Name: StateWide MLS RI
Mls ID: #1403307