17 Intervale AveNorth ProvidenceRI02911
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 17 Intervale Ave, North Providence, RI, 02911 in North Providence. At $402,300 it earns $2,021/mo in rent and distributes $537/mo to the owner after the $1,809/mo payment, a consistent 9.23% yield. DSCR 1.12 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $111,148 in value; $3,705/yr in principal paydown compounds ownership stake. Total projected return: $114,201.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.8% |
| Monthly Cash Flow | $537 | $420 |
City averages based on North Providence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,021 |
| Total Monthly Debt Service | $2,466 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
4,835 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02911, North Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,476 (100%) |
| Owner Occupied HU | 4,316 (57.7%) |
| Renter Occupied HU | 2,909 (38.9%) |
| Vacant Housing Units | 251 ( 3.4%) |
| Median Home Value | $369,934 |
| Average Home Value | $391,043 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
5,850
Multi-Family
1,092
Businesses
364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1900
4,835 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02911, North Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,476 (100%) |
| Owner Occupied HU | 4,316 (57.7%) |
| Renter Occupied HU | 2,909 (38.9%) |
| Vacant Housing Units | 251 ( 3.4%) |
| Median Home Value | $369,934 |
| Average Home Value | $391,043 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
5,850
Multi-Family
1,092
Businesses
364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A