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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 364, Providence, RI, 02903 listed at $315,000 pairs $2,809/mo rent with a $1,542/mo payment to leave $753/mo cash flow. Total monthly income runs $2,809/mo, and annual cash flow reaches $9,030/yr on $104,423 cash to close. Return on cash invested measures 28.56% in year one, and rental yield registers 10.7% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 149.66% and total cumulative return in cash totals $156,281. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,809/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Joshua Deaner • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1395546
