1000 Providence Pl APT 101ProvidenceRI02903
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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 1000 Providence Pl APT 101, Providence, RI, 02903 earns $793/mo cash flow from $3,626/mo rent with a $2,124/mo payment. Total monthly income totals $3,626/mo, and annual cash flow totals $9,518/yr on $143,871 capital. ROI tracks 26.52% on current figures, and rental yield reads 10.03% at a $434,000 purchase. Equity gained on principal adds $2,801/yr, and 5% annual appreciation supports $119,906 over five years. Five-year ROI reaches 138.78% and total cumulative return in cash sums $199,666. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,626/mo property income instead of your personal income.
Condo
Built in 2003
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
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Listed by: Kimberly Marion • Engel & Volkers Oceanside
Mls Name: StateWide MLS RI
Mls ID: #1399178