112 A Turnessa Dr #112AProvidenceRI02904
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
Rental property for sale in Providence at 112 A Turnessa Dr #112A, Providence, RI, 02904 generates $3,776/mo in rent and, after a $2,198/mo payment, leaves $845/mo in cash flow. Total monthly income is $3,776/mo, and annual cash flow is $10,136/yr on $148,844 invested. Return on cash invested sits at 26.72% in year one, and rental yield is 10.09% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 139.81% and total cumulative return in cash sums $208,096. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,776/mo property income rather than buyer’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Denise Leonard • BHHS Commonwealth Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1399852