175 Canton StProvidenceRI02908
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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 175 Canton St, Providence, RI, 02908 listed at $369,900 pairs $3,422/mo rent with a $1,810/mo payment to leave $1,008/mo cash flow. Total monthly income runs $3,422/mo, and annual cash flow reaches $12,094/yr on $122,622 cash to close. Return on cash invested measures 29.77% in year one, and rental yield registers 11.1% at a $369,900 basis. Equity gained on principal adds $2,387/yr, and annual property appreciation at 5% supports $102,197 by year five. Five-year ROI tracks 156.18% and total cumulative return in cash totals $191,506. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,422/mo property income relative to a $1,810/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02908, Providence, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,721
Single Family
12,304
Multi-Family
1,417
Businesses
743
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Listed by: Elizabeth Bates • Smith and Oak Real Estate Co.
Mls Name: StateWide MLS RI
Mls ID: #1402713