1 Brighton St APT 1ProvidenceRI02909
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
Investment property for sale in Providence at 1 Brighton St APT 1, Providence, RI, 02909 listed at $236,250 pairs $2,146/mo rent with a $1,156/mo payment to leave $372/mo cash flow. Total monthly income runs $2,146/mo, and annual cash flow reaches $4,465/yr on $78,317 cash to close. Return on cash invested measures 25.61% in year one, and rental yield registers 10.9% at a $236,250 basis. Equity gained on principal adds $1,524/yr, and annual property appreciation at 5% supports $65,272 by year five. Five-year ROI tracks 135.21% and total cumulative return in cash totals $105,889. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,146/mo property income relative to a $1,156/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1888
N/A lot
$N/A/sqft
$232 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Benjamin Modica • Revolv Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1399312
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 2025 State-Wide MLS, Inc. All rights reserved.