23 S Angell St APT 6ProvidenceRI02906
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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 23 S Angell St APT 6, Providence, RI, 02906 generates $2,347/mo in rent and, after a $1,077/mo payment, leaves $709/mo in cash flow. Total monthly income is $2,347/mo, and annual cash flow is $8,504/yr on $72,930 invested. Return on cash invested sits at 31.57% in year one, and rental yield is 12.8% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 167.02% and total cumulative return in cash sums $121,811. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,347/mo property income rather than buyer’s personal income.
Condo
Built in 1860
N/A lot
$N/A/sqft
$202 monthly 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: Savanna Hennessey • Williams & Stuart Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383242
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.