1189 Smith StProvidenceRI02908
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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 1189 Smith St, Providence, RI, 02908 uses $125,937 cash to close to unlock $3,438/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $2,766/mo, and a $1,859/mo payment keeps the spread at $287/mo. Purchase price stands at $379,900, and rental yield measures 8.74% with $2,766/mo rent. Return on cash invested shows 22.64% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 117.94% and total cumulative return in cash records $148,529. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,766/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Single Family
Built in 1961
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02908, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,787 (100%) |
| Owner Occupied HU | 6,158 (39.0%) |
| Renter Occupied HU | 8,471 (53.7%) |
| Vacant Housing Units | 1,158 ( 7.3%) |
| Median Home Value | $357,497 |
| Average Home Value | $392,124 |
Housing Distribution
Address Breakdown
Residential
13,721
Single Family
12,304
Multi-Family
1,417
Businesses
743
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Listed by: Don Parsons • ONE Residential
Mls Name: StateWide MLS RI
Mls ID: #1403251