111 Waverly StProvidenceRI02907
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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 111 Waverly St, Providence, RI, 02907 priced at $485,000 pairs $2,604/mo rent with after a $2,374/mo payment. Total monthly income equals $2,604/mo. Return on cash invested is 15.71% in year one, and rental yield stands at 6.44% on a $485,000 basis. Equity gained on principal adds $3,130/yr, and 5% annual appreciation accumulates to $133,997 by year five. Five-year ROI measures 80.77% and total cumulative return in cash reaches $129,866. For financing, Ziffy Mortgage’s DSCR program evaluates $2,604/mo property income against a $2,374/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
3,959 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02907, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,661 (100%) |
| Owner Occupied HU | 2,961 (27.8%) |
| Renter Occupied HU | 7,081 (66.4%) |
| Vacant Housing Units | 619 ( 5.8%) |
| Median Home Value | $351,850 |
| Average Home Value | $403,428 |
Housing Distribution
Address Breakdown
Residential
8,964
Single Family
7,561
Multi-Family
1,403
Businesses
1,034
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Listed by: The Realpro Group • REALPRO by The Water
Mls Name: StateWide MLS RI
Mls ID: #1400866