15 Lawnacre DrNorth ProvidenceRI02911
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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 North Providence at 15 Lawnacre Dr, North Providence, RI, 02911 priced at $439,000 pairs $2,652/mo rent with after a $2,149/mo payment. Total monthly income equals $2,652/mo. Return on cash invested is 18.14% in year one, and rental yield stands at 7.25% on a $439,000 basis. Equity gained on principal adds $2,833/yr, and 5% annual appreciation accumulates to $121,288 by year five. Five-year ROI measures 93.81% and total cumulative return in cash reaches $136,520. For financing, Ziffy Mortgage’s DSCR program evaluates $2,652/mo property income against a $2,149/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02911, North Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,476 (100%) |
| Owner Occupied HU | 4,316 (57.7%) |
| Renter Occupied HU | 2,909 (38.9%) |
| Vacant Housing Units | 251 ( 3.4%) |
| Median Home Value | $369,934 |
| Average Home Value | $391,043 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
5,850
Multi-Family
1,092
Businesses
364
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Listed by: Dawn Marano • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1385967
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.