1602 Douglas Ave, North Providence, RI, 02904 | $122/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Providence at 1602 Douglas Ave, North Providence, RI, 02904 listed at $349,900 pairs $2,406/mo rent with a $1,713/mo payment to leave $122/mo cash flow. Total monthly income runs $2,406/mo, and annual cash flow reaches $1,458/yr on $115,992 cash to close. Return on cash invested measures 21.17% in year one, and rental yield registers 8.25% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 110.04% and total cumulative return in cash totals $127,638. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,406/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1926

8,011 sqft lot

$N/A/sqft

No 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