150 Prospect StProvidenceRI02906
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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 150 Prospect St, Providence, RI, 02906 earns from $3,310/mo rent with a $5,873/mo payment. Total monthly income totals $3,310/mo. ROI tracks 6.41% on current figures, and rental yield reads 3.31% at a $1,199,900 purchase. Equity gained on principal adds $7,743/yr, and 5% annual appreciation supports $331,510 over five years. Five-year ROI reaches 30.82% and total cumulative return in cash sums $119,800. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,310/mo property income instead of your personal income.
Multi Family
Built in 1867
4,791 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: A Bruneau Team • Compass
Mls Name: StateWide MLS RI
Mls ID: #1399591