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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% |
Rental property for sale in Providence at 1059 Broad St, Providence, RI, 02905 offers $5,735/mo rent that, after a $1,499/mo payment, leaves $3,736/mo cash flow. Total monthly income is $5,735/mo, and annual cash flow is $44,831/yr on $101,505 cash. Return on cash invested measures 64.07% in year one, and rental yield stands at 22.48% at a $306,200 entry. Equity gained on principal adds $1,976/yr while 5% annual appreciation compounds into $84,597 by year five. Five-year ROI records 340.11% and total cumulative return in cash reaches $345,230. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,735/mo property income versus a $1,499/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02905, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,148 (100%) |
| Owner Occupied HU | 4,556 (44.9%) |
| Renter Occupied HU | 5,031 (49.6%) |
| Vacant Housing Units | 561 ( 5.5%) |
| Median Home Value | $384,429 |
| Average Home Value | $415,921 |
Residential
8,927
Single Family
8,066
Multi-Family
861
Businesses
857
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listing removed | $2,500,000 |
| 2024-09-19 | Listed for sale | $2,500,000 |
| 2004-07-14 | Sold | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-09 | N/A | N/A | $306,200 | N/A |
| 2023-09-09 | N/A | N/A | $306,200 | N/A |
| 2022-09-09 | N/A | N/A | $306,200 | 22.58% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
