619 Armistice BlvdPawtucketRI02861
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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 Pawtucket at 619 Armistice Blvd, Pawtucket, RI, 02861 with 5% annual appreciation on a $479,900 basis while $3,535/mo rent supports operations. Total monthly income totals $3,535/mo and a $2,349/mo payment preserves $402/mo for cash returns. Annual cash flow comes to $4,826/yr on $159,087 deployed, and return on cash invested reaches 22.94% in year one. Equity gained on principal adds $3,097/yr, and five-year appreciation sums $132,588 alongside rental yield of 8.84%. Five-year ROI measures 119.57% and total cumulative return in cash totals $190,221.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,535/mo property income versus a $2,349/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02861, Pawtucket, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,189 (100%) |
| Owner Occupied HU | 7,318 (60.0%) |
| Renter Occupied HU | 4,287 (35.2%) |
| Vacant Housing Units | 584 ( 4.8%) |
| Median Home Value | $339,560 |
| Average Home Value | $388,596 |
Housing Distribution
Address Breakdown
Residential
11,285
Single Family
10,467
Multi-Family
818
Businesses
652
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Listed by: Kelly Crowley • Keller Williams Realty
Mls Name: StateWide MLS RI
Mls ID: #1402714