0 Robinson StEast ProvidenceRI02914
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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 East Providence at 0 Robinson St, East Providence, RI, 02914 generates $3,042/mo in rent and, after a $783/mo payment, leaves $1,998/mo in cash flow. Total monthly income is $3,042/mo, and annual cash flow is $23,972/yr on $53,040 invested. Return on cash invested sits at 65.1% in year one, and rental yield is 22.81% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 345.68% and total cumulative return in cash sums $183,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,042/mo property income rather than buyer’s personal income.
Lot
Built in N/A
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02914, East Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 5,043 (50.6%) |
| Renter Occupied HU | 4,395 (44.1%) |
| Vacant Housing Units | 533 ( 5.3%) |
| Median Home Value | $380,205 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
7,745
Multi-Family
1,584
Businesses
946
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Listed by: The WP Group • Smith and Oak Real Estate Co.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1368491
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 State-Wide MLS, Inc. All rights reserved.