141 E Point Dr #309East ProvidenceRI02916
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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 141 E Point Dr #309, East Providence, RI, 02916 uses $153,213 cash to close to unlock $10,033/yr annual cash flow and $836/mo monthly cash flow. Total monthly income runs $3,853/mo, and a $2,262/mo payment keeps the spread at $836/mo. Purchase price stands at $462,180, and rental yield measures 10% with $3,853/mo rent. Return on cash invested shows 26.46% in year one, and 5% annual appreciation builds toward $127,692 over five years. Five-year ROI reaches 138.42% and total cumulative return in cash records $212,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,853/mo property income covering a $2,262/mo payment rather than investor’s personal income.
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02916, Rumford, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,061 (100%) |
| Owner Occupied HU | 2,688 (66.2%) |
| Renter Occupied HU | 1,222 (30.1%) |
| Vacant Housing Units | 151 ( 3.7%) |
| Median Home Value | $430,359 |
| Average Home Value | $452,640 |
Housing Distribution
Address Breakdown
Residential
3,918
Single Family
3,305
Multi-Family
613
Businesses
370
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Listed by: Erin Sullivan • Pulte Homes of New England
Mls Name: StateWide MLS RI
Mls ID: #1403126