151 Johnson StProvidenceRI02905
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
Investment property for sale in Providence at 151 Johnson St, Providence, RI, 02905 uses $107,738 cash to close to unlock $11,330/yr annual cash flow and $944/mo monthly cash flow. Total monthly income runs $3,066/mo, and a $1,591/mo payment keeps the spread at $944/mo. Purchase price stands at $325,000, and rental yield measures 11.32% with $3,066/mo rent. Return on cash invested shows 30.43% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 159.7% and total cumulative return in cash records $172,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,066/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1940
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Seyboth • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1400316