18 Pond Ct #CNorth ProvidenceRI02904
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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 18 Pond Ct #C, North Providence, RI, 02904 earns $313/mo cash flow from $2,598/mo rent with a $1,713/mo payment. Total monthly income totals $2,598/mo, and annual cash flow totals $3,760/yr on $116,025 capital. ROI tracks 23.15% on current figures, and rental yield reads 8.91% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 120.68% and total cumulative return in cash sums $140,018. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,598/mo property income instead of your personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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Listed by: Team KEY • KEY Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1403299