616 Lonsdale AveCentral FallsRI02863
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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 Central Falls at 616 Lonsdale Ave, Central Falls, RI, 02863 earns from $2,225/mo rent with a $3,426/mo payment. Total monthly income totals $2,225/mo. ROI tracks 7.84% on current figures, and rental yield reads 3.81% at a $699,900 purchase. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 over five years. Five-year ROI reaches 38.55% and total cumulative return in cash sums $88,772. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,225/mo property income instead of your personal income.
Multi Family
Built in 1900
5,035 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02863, Central Falls, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,168 (100%) |
| Owner Occupied HU | 1,748 (21.4%) |
| Renter Occupied HU | 5,996 (73.4%) |
| Vacant Housing Units | 424 ( 5.2%) |
| Median Home Value | $311,111 |
| Average Home Value | $309,203 |
Housing Distribution
Address Breakdown
Residential
6,316
Single Family
4,745
Multi-Family
1,571
Businesses
413
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Listed by: Jonathan Bolano • eXp Realty
Mls Name: eXp Realty
Mls ID: #1403453