2008 Mineral Spring Ave APT 1, North Providence, RI, 02911 | $285/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2008 Mineral Spring Ave APT 1, North Providence, RI, 02911 | $285/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Providence at 2008 Mineral Spring Ave APT 1, North Providence, RI, 02911 earns $285/mo cash flow from $1,589/mo rent with a $978/mo payment. Total monthly income totals $1,589/mo, and annual cash flow totals $3,414/yr on $66,267 capital. ROI tracks 25.06% on current figures, and rental yield reads 9.54% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 130.94% and total cumulative return in cash sums $86,773. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,589/mo property income instead of your personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Move-In Ready 2-Bedroom Condo! Welcome to this charming single-level condo offering comfort, convenience, and modern updates in the sought-after neighborhood of Centerdale. Featuring 2 bedrooms and 1 bathroom, this home is thoughtfully designed with a spacious layout and plenty of natural light. Enjoy cooking and entertaining in the eat-in kitchen, The spacious living area provides the perfect setting for relaxing or gathering with family and friends. Additional highlights include: New floors throughout for a fresh, contemporary feel, updated fixtures adding style and functionality, convenient off-street parking for convenience andon-site laundry facilities for everyday ease This home truly is move-in readyideal for first-time buyers, downsizers, or anyone seeking a low-maintenance lifestyle. Dont miss the opportunity to make this beautiful condo yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 02911, North Providence, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,476 (100%)
Owner Occupied HU	4,316 (57.7%)
Renter Occupied HU	2,909 (38.9%)
Vacant Housing Units	251 ( 3.4%)
Median Home Value	$369,934
Average Home Value	$391,043