22 Burnside StProvidenceRI02905
Nearby investment properties with comparable rents
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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 Burnside St, Providence, RI, 02905 priced at $695,000 pairs $3,581/mo rent with after a $3,402/mo payment. Total monthly income equals $3,581/mo. Return on cash invested is 15.04% in year one, and rental yield stands at 6.18% on a $695,000 basis. Equity gained on principal adds $4,485/yr, and 5% annual appreciation accumulates to $192,016 by year five. Five-year ROI measures 77.15% and total cumulative return in cash reaches $176,406. For financing, Ziffy Mortgage’s DSCR program evaluates $3,581/mo property income against a $3,402/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2024
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02905, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,148 (100%) |
| Owner Occupied HU | 4,556 (44.9%) |
| Renter Occupied HU | 5,031 (49.6%) |
| Vacant Housing Units | 561 ( 5.5%) |
| Median Home Value | $384,429 |
| Average Home Value | $415,921 |
Housing Distribution
Address Breakdown
Residential
8,927
Single Family
8,066
Multi-Family
861
Businesses
857
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Nearby investment properties with comparable prices
Listed by: Eddie Lopez • RE/MAX Vantage
Mls Name: StateWide MLS RI
Mls ID: #1395960