100 Exchange St UNIT 501ProvidenceRI02903
Nearby investment properties with comparable rents
- 3 Bed
- 2 Bath
- 2089 sft
- 3 Bed
- 1 Bath
- 962 sft
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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
Investment property for sale in Providence at 100 Exchange St UNIT 501, Providence, RI, 02903 offers a 7.87% rental yield on a $525,000 purchase with $3,442/mo rent. Total monthly income registers $3,442/mo, and a $2,570/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $174/yr on $172,725 to close, and return on cash invested stands at 20.16% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 104.61% and total cumulative return in cash at $180,693. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,442/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02903, Providence, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,543
Single Family
2,417
Multi-Family
4,126
Businesses
2,221
Nearby investment properties with comparable rents
- 3 Bed
- 2 Bath
- 2089 sft
- 3 Bed
- 1 Bath
- 962 sft
Nearby investment properties with comparable prices
Listed by: Joshua Cullion • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1392976