122 Rice AveEast ProvidenceRI02914
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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 East Providence at 122 Rice Ave, East Providence, RI, 02914 uses $174,337 cash to close to unlock $2,274/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $3,649/mo, and a $2,594/mo payment keeps the spread at $190/mo. Purchase price stands at $529,900, and rental yield measures 8.26% with $3,649/mo rent. Return on cash invested shows 21.36% in year one, and 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 111.07% and total cumulative return in cash records $193,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,649/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Single Family
Built in 1985
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02914, East Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 5,043 (50.6%) |
| Renter Occupied HU | 4,395 (44.1%) |
| Vacant Housing Units | 533 ( 5.3%) |
| Median Home Value | $380,205 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
7,745
Multi-Family
1,584
Businesses
946
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Listed by: Kyle Pacia • Compass
Mls Name: StateWide MLS RI
Mls ID: #1402568