265 Bowen St APT 2ProvidenceRI02906
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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 265 Bowen St APT 2, Providence, RI, 02906 generates $2,358/mo in rent and, after a $1,466/mo payment, leaves $403/mo in cash flow. Total monthly income is $2,358/mo, and annual cash flow is $4,834/yr on $99,284 invested. Return on cash invested sits at 24.78% in year one, and rental yield is 9.45% on a $299,500 entry. Equity gained on principal adds $1,933/yr, while 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 129.4% and total cumulative return in cash sums $128,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,358/mo property income rather than buyer’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No 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: Andrew Hillman • Hillman Real Estate
Mls Name: MLS PIN
Mls ID: #73415425