180 Rankin AveProvidenceRI02908
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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 Providence at 180 Rankin Ave, Providence, RI, 02908 with 5% annual appreciation on a $374,900 basis while $2,944/mo rent supports operations. Total monthly income totals $2,944/mo and a $1,835/mo payment preserves $497/mo for cash returns. Annual cash flow comes to $5,960/yr on $124,279 deployed, and return on cash invested reaches 24.7% in year one. Equity gained on principal adds $2,419/yr, and five-year appreciation sums $103,578 alongside rental yield of 9.42%. Five-year ROI measures 129.01% and total cumulative return in cash totals $160,327.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,944/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,721
Single Family
12,304
Multi-Family
1,417
Businesses
743
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Listed by: Joseph Ferreira • New Road Realty
Mls Name: StateWide MLS RI
Mls ID: #1390365