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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% |
Investment property for sale in Providence at 1000 Providence Pl APT 305, Providence, RI, 02903 offers a 10.52% rental yield on a $330,000 purchase with $2,894/mo rent. Total monthly income registers $2,894/mo, and a $1,615/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,068/yr on $109,395 to close, and return on cash invested stands at 23.63% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,173 over five years. Portfolio math shows five-year ROI at 124.81% and total cumulative return in cash at $136,535. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,894/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
$401 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 |
|---|---|---|
| 2025-03-11 | Listed for sale | $330,000 |
| 2021-06-29 | Sold | $240,000 |
| 2021-06-07 | Contingent | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-07 | $4101.00 | 3.09% | $223,500 | N/A |
| 2023-04-07 | $3978.00 | N/A | $223,500 | N/A |
| 2022-04-07 | $3978.00 | -22.43% | $223,500 | 7.04% |
Listed by: Qing Lu Zhu • Coastline Realty LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1379806
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.
