67 Ipswich StJohnstonRI02919
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 67 Ipswich St, Johnston, RI, 02919 in Johnston deserves attention. This $409,900 property earns $3,871/mo in rent, a 11.33% gross yield, and nets $1,195/mo after the $1,843/mo payment. DSCR 2.10 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $113,248 compounds alongside $3,775/yr in yearly equity build, for a total cumulative return of $232,976.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.2% |
| Monthly Cash Flow | $1,195 | $450 |
City averages based on Johnston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,871 |
| Total Monthly Debt Service | $2,513 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1985
0.32 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1985
0.32 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11571417