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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Providence at 168 Devonshire St, Providence, RI, 02904 offers a 4.83% rental yield on a $534,900 purchase with $2,153/mo rent. 93% in year one. Equity gained on principal adds $3,452/yr while 5% annual appreciation supports $147,783 over five years. Portfolio math shows five-year ROI at 55.13% and total cumulative return in cash at $97,017. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,153/mo property income against a $2,618/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1930
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
| 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 |
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
Date | Event | Price |
|---|---|---|
| 2024-10-01 | Listed for sale | $534,900 |
| 2024-09-01 | Listing removed | $549,900 |
| 2024-08-21 | Price change | $549,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $5390.00 | N/A | $302,800 | N/A |
| 2022-11-11 | $5390.00 | 35.29% | $302,800 | 86.68% |
| 2021-11-11 | $3984.00 | 0.01% | $162,200 | N/A |
Listed by: Joshua Cassino • RE/MAX 1st Choice
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1369934
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 2024 State-Wide MLS, Inc. All rights reserved.
