23 Bourne AveNorth 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 23 Bourne Ave, North Providence, RI, 02911 with 5% annual appreciation on a $464,900 basis while $3,083/mo rent supports operations. Total monthly income totals $3,083/mo and a $2,275/mo payment preserves $49/mo for cash returns. Annual cash flow comes to $584/yr on $154,114 deployed, and return on cash invested reaches 20.29% in year one. Equity gained on principal adds $3,000/yr, and five-year appreciation sums $128,443 alongside rental yield of 7.96%. Five-year ROI measures 105.32% and total cumulative return in cash totals $162,316.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,083/mo property income versus a $2,275/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
7,840 sqft 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: Rich Laboissonniere • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1398240