26 Stone StProvidenceRI02904
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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 26 Stone St, Providence, RI, 02904 priced at $444,600 converts $2,153/mo rent into after a $2,176/mo obligation. Total monthly income equals $2,153/mo. Return on cash invested prints 13.81% in year one, and rental yield reads 5.81% against a $444,600 entry. Equity gained on principal adds $2,869/yr, while 5% annual appreciation compiles into $122,835 by year five. Five-year ROI reaches 70.57% and total cumulative return in cash sums $104,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,153/mo property income covering a $2,176/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A