135 Cypress StProvidenceRI02906
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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
Rental property for sale in Providence at 135 Cypress St, Providence, RI, 02906 offers $3,596/mo rent that, after a $3,318/mo payment. Total monthly income is $3,596/mo. Return on cash invested measures 15.6% in year one, and rental yield stands at 6.37% at a $677,900 entry. Equity gained on principal adds $4,374/yr while 5% annual appreciation compounds into $187,291 by year five. Five-year ROI records 80.14% and total cumulative return in cash reaches $178,729. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,596/mo property income versus a $3,318/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02906, Providence, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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