1000 Providence Pl APT 120ProvidenceRI02903
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 1000 Providence Pl APT 120, Providence, RI, 02903 earns $591/mo cash flow from $3,626/mo rent with a $2,276/mo payment. Total monthly income totals $3,626/mo, and annual cash flow totals $7,086/yr on $154,148 capital. ROI tracks 24.51% on current figures, and rental yield reads 9.36% at a $465,000 purchase. Equity gained on principal adds $3,001/yr, and 5% annual appreciation supports $128,471 over five years. Five-year ROI reaches 127.94% and total cumulative return in cash sums $197,219. 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Dacey • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1400557