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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% |
Investment property for sale in Providence at 131 Laurel Ave, Providence, RI, 02906 at $1,795,000 posts ROI 8.47% with from $5,953/mo rent. Total monthly income equals $5,953/mo. Return on cash invested measures 8.47% and rental yield reads 3.98% at the current $1,795,000. Equity gained on principal adds $11,583/yr, and 5% annual appreciation supports $495,925 by year five. Five-year ROI prints 41.89% and total cumulative return in cash totals $243,601. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,953/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1928
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02906, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,287 (100%) |
| Owner Occupied HU | 5,790 (43.6%) |
| Renter Occupied HU | 6,560 (49.4%) |
| Vacant Housing Units | 937 ( 7.1%) |
| Median Home Value | $637,643 |
| Average Home Value | $693,669 |
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $1,795,000 |
| 2018-06-11 | Sold | $1,140,005 |
| 2018-05-26 | Pending sale | $1,125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-06 | $22587.00 | 3.09% | $1,230,900 | N/A |
| 2023-04-06 | $21910.00 | N/A | $1,230,900 | N/A |
| 2022-04-06 | $21910.00 | -5.86% | $1,230,900 | 29.90% |
Listed by: David Hasslinger • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381129
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.
