1000 Providence Pl APT 364ProvidenceRI02903
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 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
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: Joshua Deaner • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1395546