199 Langdon StProvidenceRI02904
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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 199 Langdon St, Providence, RI, 02904 with 5% annual appreciation on a $449,900 basis while $3,264/mo rent supports operations. Total monthly income totals $3,264/mo and a $2,202/mo payment preserves $327/mo for cash returns. Annual cash flow comes to $3,926/yr on $149,142 deployed, and return on cash invested reaches 22.54% in year one. Equity gained on principal adds $2,903/yr, and five-year appreciation sums $124,299 alongside rental yield of 8.71%. Five-year ROI measures 117.42% and total cumulative return in cash totals $175,126.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,264/mo property income versus a $2,202/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1927
8,354 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: Debra Dziekiewicz • C-21 Butterman & Kryston
Mls Name: StateWide MLS RI
Mls ID: #1394854