141 E Point Dr #406East 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 #406, East Providence, RI, 02916 listed at $722,290 pairs $2,040/mo rent with a $3,535/mo payment. Total monthly income runs $2,040/mo. Return on cash invested measures 3.9% in year one, and rental yield registers 3.39% at a $722,290 basis. Equity gained on principal adds $4,661/yr, and annual property appreciation at 5% supports $199,555 by year five. Five-year ROI tracks 18.36% and total cumulative return in cash totals $43,638. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,040/mo property income relative to a $3,535/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2025
N/A lot
$N/A/sqft
$526 monthly 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 Provider:
Mls ID: #1394155
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.