








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Providence at 1447 Westminster St APT 1A, Providence, RI, 02909 offers a 8.32% rental yield on a $299,999 purchase with $2,080/mo rent. 24% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 95.48% and total cumulative return in cash at $94,956. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,080/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1920
0.30 Acres lot
$N/A/sqft
$260 monthly HOA
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
Date | Event | Price |
|---|---|---|
| 2025-01-30 | Listed for sale | $299,999 |
| 2024-11-23 | Listing removed | $2,000 |
| 2024-10-31 | Listed for rent | $2,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Sara Fernandes • Century 21 Premier Agency
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1377272
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.