165 Knight St, Providence, RI, 02909 | 4.2% Rental Yield

Pending

Currently Rented

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

Total monthly income runs $2,624/mo, and a $3,671/mo payment. Purchase price stands at $750,000, and rental yield measures 4.2% with $2,624/mo rent. Return on cash invested shows 9.01% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 44.81% and total cumulative return in cash records $110,562. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,624/mo property income covering a $3,671/mo payment rather than investor’s personal income.

Multi Family

Built in 1920

3,201 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