214 Cp St LOT CProvidenceRI02906
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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 214 Cp St LOT C, Providence, RI, 02906 offers $5,668/mo rent that, after a $5,530/mo payment. Total monthly income is $5,668/mo. Return on cash invested measures 14.77% in year one, and rental yield stands at 6.02% at a $1,129,900 entry. Equity gained on principal adds $7,291/yr while 5% annual appreciation compounds into $312,171 by year five. Five-year ROI records 75.66% and total cumulative return in cash reaches $276,971. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,668/mo property income versus a $5,530/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2025
2,700 sqft lot
$N/A/sqft
No 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: Debbie Gold • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381761
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.