22 Miles Ave #1ProvidenceRI02906
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 Providence at 22 Miles Ave #1, Providence, RI, 02906 listed at $699,000 pairs $4,876/mo rent with a $3,421/mo payment to leave $313/mo cash flow. Total monthly income runs $4,876/mo, and annual cash flow reaches $3,760/yr on $229,971 cash to close. Return on cash invested measures 21.7% in year one, and rental yield registers 8.37% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 112.84% and total cumulative return in cash totals $259,502. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,876/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1987
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William Sherry • Compass
Mls Name: StateWide MLS RI
Mls ID: #1397261