1560 Douglas Ave APT B19North ProvidenceRI02904
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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 1560 Douglas Ave APT B19, North Providence, RI, 02904 generates $1,940/mo in rent and, after a $1,114/mo payment, leaves $187/mo in cash flow. Total monthly income is $1,940/mo, and annual cash flow is $2,249/yr on $75,416 invested. Return on cash invested sits at 22.89% in year one, and rental yield is 10.23% on a $227,500 entry. Equity gained on principal adds $1,468/yr, while 5% annual appreciation builds toward $62,854 over five years. Five-year ROI reaches 120.85% and total cumulative return in cash sums $91,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,940/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$268 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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Listed by: Jody Martins • Keller Williams Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384651
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.