142 Indiana AveProvidenceRI02905
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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 Providence at 142 Indiana Ave, Providence, RI, 02905 earns $667/mo cash flow from $2,656/mo rent with a $1,468/mo payment. Total monthly income totals $2,656/mo, and annual cash flow totals $8,003/yr on $99,417 capital. ROI tracks 27.96% on current figures, and rental yield reads 10.63% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 146.59% and total cumulative return in cash sums $145,732. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,656/mo property income instead of your personal income.
Single Family
Built in 1930
3,201 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: Filomena Silva • REALTY NEW ENGLAND
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1379761
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.