133 Briggs StProvidenceRI02905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Providence at 133 Briggs St, Providence, RI, 02905 priced at $389,000 converts $3,588/mo rent into $1,049/mo cash flow after a $1,904/mo obligation. Total monthly income equals $3,588/mo, and annual cash flow totals $12,584/yr on $128,954 invested. Return on cash invested prints 29.67% in year one, and rental yield reads 11.07% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 155.62% and total cumulative return in cash sums $200,682. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,588/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1972
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02905, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,148 (100%) |
| Owner Occupied HU | 4,556 (44.9%) |
| Renter Occupied HU | 5,031 (49.6%) |
| Vacant Housing Units | 561 ( 5.5%) |
| Median Home Value | $384,429 |
| Average Home Value | $415,921 |
Housing Distribution
Address Breakdown
Residential
8,927
Single Family
8,066
Multi-Family
861
Businesses
857
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Listed by: Beatriz Giron • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1395166