118 Willow St #2ProvidenceRI02909
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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
Investment property for sale in Providence at 118 Willow St #2, Providence, RI, 02909 listed at $287,000 pairs $2,280/mo rent with a $1,405/mo payment to leave $156/mo cash flow. Total monthly income runs $2,280/mo, and annual cash flow reaches $1,875/yr on $95,141 cash to close. Return on cash invested measures 21.88% in year one, and rental yield registers 9.53% at a $287,000 basis. Equity gained on principal adds $1,852/yr, and annual property appreciation at 5% supports $79,293 by year five. Five-year ROI tracks 115.03% and total cumulative return in cash totals $109,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,280/mo property income relative to a $1,405/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1900
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
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Listed by: Jane Driver • Residential Properties Ltd
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386533
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.