162 Merino StProvidenceRI02909
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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 162 Merino St, Providence, RI, 02909 earns $783/mo cash flow from $3,198/mo rent with a $1,811/mo payment. Total monthly income totals $3,198/mo, and annual cash flow totals $9,392/yr on $122,655 capital. ROI tracks 27.57% on current figures, and rental yield reads 10.37% at a $370,000 purchase. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 over five years. Five-year ROI reaches 144.36% and total cumulative return in cash sums $177,065. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,198/mo property income instead of your personal income.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
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Listed by: Ryan Medeiros • Harborside Realty
Mls Name: StateWide MLS RI
Mls ID: #1401683