61-63 Maple 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 61-63 Maple Ave, Johnston, RI, 02919 listed at $484,900 pairs $2,520/mo rent with a $2,373/mo payment. Total monthly income runs $2,520/mo. Return on cash invested measures 15.09% in year one, and rental yield registers 6.24% at a $484,900 basis. Equity gained on principal adds $3,129/yr, and annual property appreciation at 5% supports $133,969 by year five. Five-year ROI tracks 77.45% and total cumulative return in cash totals $124,495. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,520/mo property income relative to a $2,373/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
4,791 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: Sussy DeLeon • RE/MAX New Horizons
Mls Name: StateWide MLS RI
Mls ID: #1389767