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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 117 Broadway St UNIT 2, Providence, RI, 02903 offers $3,234/mo rent that, after a $2,447/mo payment. Total monthly income is $3,234/mo. Return on cash invested measures 19.7% in year one, and rental yield stands at 7.76% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 102.15% and total cumulative return in cash reaches $169,272. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,234/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
3,223 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02903, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,210 (100%) |
| Owner Occupied HU | 849 (11.8%) |
| Renter Occupied HU | 5,578 (77.4%) |
| Vacant Housing Units | 783 (10.9%) |
| Median Home Value | $506,192 |
| Average Home Value | $509,519 |
Residential
6,543
Single Family
2,417
Multi-Family
4,126
Businesses
2,221
Date | Event | Price |
|---|---|---|
| 2024-08-29 | Listed for sale | $499,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Crista Sciortino • Broadway Real Estate Group LLC
Mls Name: MLS PIN
Mls ID: #73282901
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
