1765 Bicentennial Way UNIT BNorth ProvidenceRI02911
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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 North Providence at 1765 Bicentennial Way UNIT B, North Providence, RI, 02911 uses $139,197 cash to close to unlock $1,790/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $2,890/mo, and a $2,055/mo payment keeps the spread at $149/mo. Purchase price stands at $419,900, and rental yield measures 8.26% with $2,890/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 110.2% and total cumulative return in cash records $153,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,890/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A 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
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Listed by: Milissa Lutz • Smith and Oak Real Estate Co.
Mls Name: StateWide MLS RI
Mls ID: #1398367