15 Tew PlProvidenceRI02906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Providence at 15 Tew Pl, Providence, RI, 02906 priced at $499,999 converts $4,050/mo rent into $786/mo cash flow after a $2,447/mo obligation. Total monthly income equals $4,050/mo, and annual cash flow totals $9,436/yr on $165,750 invested. Return on cash invested prints 25.6% in year one, and rental yield reads 9.72% against a $499,999 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 133.82% and total cumulative return in cash sums $221,803. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,050/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02906, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,287 (100%) |
| Owner Occupied HU | 5,790 (43.6%) |
| Renter Occupied HU | 6,560 (49.4%) |
| Vacant Housing Units | 937 ( 7.1%) |
| Median Home Value | $637,643 |
| Average Home Value | $693,669 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
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Listed by: Mercy Amo • Century 21 XSELL REALTY
Mls Name: StateWide MLS RI
Mls ID: #1390688