7 Sydney Rose Ct #7JohnstonRI02919
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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 7 Sydney Rose Ct #7, Johnston, RI, 02919 priced at $489,900 converts $2,520/mo rent into after a $2,398/mo obligation. Total monthly income equals $2,520/mo. Return on cash invested prints 14.9% in year one, and rental yield reads 6.17% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 76.41% and total cumulative return in cash sums $124,085. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Townhouse
Built in 2023
N/A 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: Mark Tetreault • RE/MAX Bell Park Realty
Mls Name: MLS PIN
Mls ID: #73474461