248 Webster AveProvidenceRI02909
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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
Investment property for sale in Providence at 248 Webster Ave, Providence, RI, 02909 uses $140,888 cash to close to unlock $1,462/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $2,896/mo, and a $2,080/mo payment keeps the spread at $122/mo. Purchase price stands at $425,000, and rental yield measures 8.18% with $2,896/mo rent. Return on cash invested shows 20.95% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 108.84% and total cumulative return in cash records $153,341. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,896/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Multi Family
Built in 1930
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: Ed Duffy • Alltown Real Estate Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1392771
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.