2008 Mineral Spring Ave APT 3North ProvidenceRI02911
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
Investment property for sale in North Providence at 2008 Mineral Spring Ave APT 3, North Providence, RI, 02911 earns $1,065/mo cash flow from $2,008/mo rent with a $707/mo payment. Total monthly income totals $2,008/mo, and annual cash flow totals $12,780/yr on $47,902 capital. ROI tracks 46.59% on current figures, and rental yield reads 16.68% at a $144,500 purchase. Equity gained on principal adds $932/yr, and 5% annual appreciation supports $39,923 over five years. Five-year ROI reaches 246.32% and total cumulative return in cash sums $117,991. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,008/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
5,850
Multi-Family
1,092
Businesses
364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda L. Marchwicki • BisMarc Properties, LLC
Mls Name: StateWide MLS RI
Mls ID: #1399840