16 Boyd AveEast ProvidenceRI02914
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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 East Providence at 16 Boyd Ave, East Providence, RI, 02914 priced at $440,800 pairs $3,672/mo rent with $795/mo cash flow after a $2,158/mo payment. Total monthly income equals $3,672/mo, and annual cash flow comes to $9,540/yr on $146,125 invested. Return on cash invested is 26.44% in year one, and rental yield stands at 10% on a $440,800 basis. Equity gained on principal adds $2,844/yr, and 5% annual appreciation accumulates to $121,785 by year five. Five-year ROI measures 138.33% and total cumulative return in cash reaches $202,137. For financing, Ziffy Mortgage’s DSCR program evaluates $3,672/mo property income against a $2,158/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1929
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02914, East Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 5,043 (50.6%) |
| Renter Occupied HU | 4,395 (44.1%) |
| Vacant Housing Units | 533 ( 5.3%) |
| Median Home Value | $380,205 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
7,745
Multi-Family
1,584
Businesses
946
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Listed by: N/A • N/A
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