84 Boyce AvePawtucketRI02861
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
Investment Highlights
Rental property for sale in Pawtucket at 84 Boyce Ave, Pawtucket, RI, 02861 generates $2,281/mo in rent and, after a $1,615/mo payment, leaves $127/mo in cash flow. Total monthly income is $2,281/mo, and annual cash flow is $1,526/yr on $109,362 invested. Return on cash invested sits at 21.3% in year one, and rental yield is 8.3% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 110.79% and total cumulative return in cash sums $121,167. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,281/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
3,998 sqft 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: The Mercurio Group • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1402185