104 Sheldon StProvidenceRI02906
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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
Rental property for sale in Providence at 104 Sheldon St, Providence, RI, 02906 priced at $1,400,000 pairs $7,152/mo rent with after a $6,852/mo payment. Total monthly income equals $7,152/mo. Return on cash invested is 15.11% in year one, and rental yield stands at 6.13% on a $1,400,000 basis. Equity gained on principal adds $9,034/yr, and 5% annual appreciation accumulates to $386,794 by year five. Five-year ROI measures 77.49% and total cumulative return in cash reaches $351,487. For financing, Ziffy Mortgage’s DSCR program evaluates $7,152/mo property income against a $6,852/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02906, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,287 (100%) |
| Owner Occupied HU | 5,790 (43.6%) |
| Renter Occupied HU | 6,560 (49.4%) |
| Vacant Housing Units | 937 ( 7.1%) |
| Median Home Value | $637,643 |
| Average Home Value | $693,669 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
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Listed by: The Blackstone Team • Compass
Mls Name: StateWide MLS RI
Mls ID: #1398801