18 Windmill StProvidenceRI02904
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Nearby investment properties with comparable prices
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
Rental property for sale in Providence at 18 Windmill St, Providence, RI, 02904 priced at $399,900 converts $2,623/mo rent into $13/mo cash flow after a $1,957/mo obligation. Total monthly income equals $2,623/mo, and annual cash flow totals $154/yr on $132,567 invested. Return on cash invested prints 20.03% in year one, and rental yield reads 7.87% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 103.91% and total cumulative return in cash sums $137,744. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,623/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1955
10,018 sqft 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: Jeffrey Infante • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls ID: #1395154