193 Howell St #3ProvidenceRI02906
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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
Rental property for sale in Providence at 193 Howell St #3, Providence, RI, 02906 generates $2,690/mo in rent and, after a $1,566/mo payment, leaves $273/mo in cash flow. Total monthly income is $2,690/mo, and annual cash flow is $3,277/yr on $106,080 invested. Return on cash invested sits at 23% in year one, and rental yield is 10.09% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 121.24% and total cumulative return in cash sums $128,607. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,690/mo property income rather than buyer’s personal income.
Condo
Built in 1900
3,706 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02906, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,287 (100%) |
| Owner Occupied HU | 5,790 (43.6%) |
| Renter Occupied HU | 6,560 (49.4%) |
| Vacant Housing Units | 937 ( 7.1%) |
| Median Home Value | $637,643 |
| Average Home Value | $693,669 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
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Listed by: Joe DeChristofaro • RI Realty Sales & Mgt
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1389346
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.