249 Whitford AveProvidenceRI02908
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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 249 Whitford Ave, Providence, RI, 02908 generates $3,319/mo in rent and, after a $1,835/mo payment, leaves $872/mo in cash flow. Total monthly income is $3,319/mo, and annual cash flow is $10,458/yr on $124,313 invested. Return on cash invested sits at 28.32% in year one, and rental yield is 10.62% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 148.41% and total cumulative return in cash sums $184,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,319/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02908, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,787 (100%) |
| Owner Occupied HU | 6,158 (39.0%) |
| Renter Occupied HU | 8,471 (53.7%) |
| Vacant Housing Units | 1,158 ( 7.3%) |
| Median Home Value | $357,497 |
| Average Home Value | $392,124 |
Housing Distribution
Address Breakdown
Residential
13,721
Single Family
12,304
Multi-Family
1,417
Businesses
743
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Listed by: Zeferino Gonsalves • Strive Realty
Mls Name: StateWide MLS RI
Mls ID: #1391318