183 Byfield StProvidenceRI02905
Nearby investment properties with comparable rents
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 183 Byfield St, Providence, RI, 02905 priced at $845,000 pairs $2,833/mo rent with after a $4,136/mo payment. Total monthly income equals $2,833/mo. Return on cash invested is 8.48% in year one, and rental yield stands at 4.02% on a $845,000 basis. Equity gained on principal adds $5,453/yr, and 5% annual appreciation accumulates to $233,458 by year five. Five-year ROI measures 41.96% and total cumulative return in cash reaches $116,640. For financing, Ziffy Mortgage’s DSCR program evaluates $2,833/mo property income against a $4,136/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
8,163 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02905, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,148 (100%) |
| Owner Occupied HU | 4,556 (44.9%) |
| Renter Occupied HU | 5,031 (49.6%) |
| Vacant Housing Units | 561 ( 5.5%) |
| Median Home Value | $384,429 |
| Average Home Value | $415,921 |
Housing Distribution
Address Breakdown
Residential
8,927
Single Family
8,066
Multi-Family
861
Businesses
857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maribel Almonte Perez • My Dream Home Realty
Mls Name: StateWide MLS RI
Mls ID: #1403637