175 Grassmere AveEast ProvidenceRI02914
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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 East Providence at 175 Grassmere Ave, East Providence, RI, 02914 at $383,000 posts ROI 23.52% with $382/mo cash flow from $2,883/mo rent. Total monthly income equals $2,883/mo, and annual cash flow records $4,589/yr on $126,965 to close. Return on cash invested measures 23.52% and rental yield reads 9.03% at the current $383,000. Equity gained on principal adds $2,471/yr, and 5% annual appreciation supports $105,816 by year five. Five-year ROI prints 122.68% and total cumulative return in cash totals $155,754.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,883/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1932
5,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02914, East Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 5,043 (50.6%) |
| Renter Occupied HU | 4,395 (44.1%) |
| Vacant Housing Units | 533 ( 5.3%) |
| Median Home Value | $380,205 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
7,745
Multi-Family
1,584
Businesses
946
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Listed by: Darci Acomb • New England Premier R.E.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1387079
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.