10 Josephine St APT 205North ProvidenceRI02904
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeFor first-time U.S. investors or those diversifying conservatively, 10 Josephine St APT 205, North Providence, RI, 02904 in North Providence offers a clean, manageable entry. Rental yield 8.02%. DSCR 1.41 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $55,256 in additional property value over five years, with $1,677/yr in principal equity building ownership stake. Total projected cumulative return: $74,428.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.8% |
| Monthly Cash Flow | $(289) | $420 |
City averages based on North Providence market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,337 |
| Total Monthly Debt Service | $1,275 |
| DSCR Ratio | 1.05x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: StateWide MLS RI
Mls ID: #1416402
