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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Providence at 100 Exchange St UNIT 1101, Providence, RI, 02903 generates $3,198/mo in rent, after a $2,447/mo payment. Total monthly income is $3,198/mo. Return on cash invested sits at 13.25% in year one, and rental yield is 7.68% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 69.84% and total cumulative return in cash sums $115,760. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,198/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$854 monthly HOA
Neighborhood data shown for ZIP Code: 02903, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,210 (100%) |
| Owner Occupied HU | 849 (11.8%) |
| Renter Occupied HU | 5,578 (77.4%) |
| Vacant Housing Units | 783 (10.9%) |
| Median Home Value | $506,192 |
| Average Home Value | $509,519 |
Residential
6,543
Single Family
2,417
Multi-Family
4,126
Businesses
2,221
Date | Event | Price |
|---|---|---|
| 2025-07-29 | Listing removed | $3,000 |
| 2025-07-25 | Sold | $500,000 |
| 2025-07-03 | Pending sale | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $6257.00 | 3.08% | $341,000 | N/A |
| 2023-10-16 | $6070.00 | N/A | $341,000 | N/A |
| 2022-10-16 | $6070.00 | -24.75% | $341,000 | 3.84% |
Listed by: Jonathan Annear • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384431
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.
