18-20 Whipple St, Providence, RI, 02908 | $1,630/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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18-20 Whipple St, Providence, RI, 02908 | $1,630/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Providence at 18-20 Whipple St, Providence, RI, 02908 uses $180,950 cash to close to unlock $19,556/yr annual cash flow and $1,630/mo monthly cash flow. Total monthly income runs $5,220/mo, and a $2,692/mo payment keeps the spread at $1,630/mo. Purchase price stands at $550,000, and rental yield measures 11.39% with $5,220/mo rent. Return on cash invested shows 30.87% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 162.03% and total cumulative return in cash records $293,194. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,220/mo property income covering a $2,692/mo payment rather than investor’s personal income.

Multi Family

Built in 1930

8,001 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 18-20 Whipple Street, A spacious filled multi-family home is located in the heart of Providence's Smith Hill Neighborhood. Recently updated throughout and built in 1930. The home offers a total of 2325 sqft of living space. Perfect for a growing family, multi-generational living. Offering a large 4 bedroom unit and attached 1 bedroom townhouse. This home combines original charm with practical living, set on a rare 8000 sqft lot. The property provides a sizeable yard ideal for outdoor entertaining, gardening or future expansion, and off street parking. Inside the home boasts a flexible layout with large rooms, high ceilings, and timeless architectural details that reflect its era. The main living area offers a comfortable and inviting atmosphere, with a partial basement for extra storage. Heating is provided by a natural gas forced air system, and the home features a durable asphalt shingle roof and vinyl / aluminum siding for easy exterior maintenance. Conveniently located near schools, parks, shopping and downtown Providence. The property offers both space and location, a rare combination in todays market. Whether you're a first time buyer looking for a long-term home or an investor.

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