112 Edgewood BlvdProvidenceRI02905
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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 112 Edgewood Blvd, Providence, RI, 02905 priced at $505,000 converts $2,836/mo rent into after a $2,472/mo obligation. Total monthly income equals $2,836/mo. Return on cash invested prints 16.73% in year one, and rental yield reads 6.74% against a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation compiles into $139,522 by year five. Five-year ROI reaches 86.23% and total cumulative return in cash sums $143,274. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,836/mo property income covering a $2,472/mo payment, not borrower’s personal income.
Single Family
Built in 1965
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02905, Providence, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,927
Single Family
8,066
Multi-Family
861
Businesses
857
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Nearby investment properties with comparable prices
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