








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Providence at 173 Rankin Ave, Providence, RI, 02908 generates $3,062/mo in rent and, after a $2,247/mo payment, leaves $65/mo in cash flow. Total monthly income is $3,062/mo, and annual cash flow is $784/yr on $152,159 invested. Return on cash invested sits at 20.42% in year one, and rental yield is 8.01% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 106.07% and total cumulative return in cash sums $161,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,062/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02908, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,787 (100%) |
| Owner Occupied HU | 6,158 (39.0%) |
| Renter Occupied HU | 8,471 (53.7%) |
| Vacant Housing Units | 1,158 ( 7.3%) |
| Median Home Value | $357,497 |
| Average Home Value | $392,124 |
Residential
13,721
Single Family
12,304
Multi-Family
1,417
Businesses
743
Date | Event | Price |
|---|---|---|
| 2025-04-07 | Listed for sale | $459,000 |
| 2023-08-08 | Listing removed | N/A |
| 2023-07-18 | Listed for rent | $4,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $5490.00 | 3.08% | $299,200 | N/A |
| 2023-04-14 | $5326.00 | N/A | $299,200 | N/A |
| 2022-04-14 | $5326.00 | -3.62% | $299,200 | 32.98% |



Listed by: Rachael Dotson • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381895
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 2025 State-Wide MLS, Inc. All rights reserved.