22 Bancroft StProvidenceRI02909
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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 22 Bancroft St, Providence, RI, 02909 offers $2,795/mo rent that, after a $2,985/mo payment. Total monthly income is $2,795/mo. Return on cash invested measures 12.97% in year one, and rental yield stands at 5.5% at a $609,900 entry. Equity gained on principal adds $3,936/yr while 5% annual appreciation compounds into $168,504 by year five. Five-year ROI records 66.02% and total cumulative return in cash reaches $132,480. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,795/mo property income versus a $2,985/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
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Listed by: John Tripodi • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1398299